The Latest News:
- High-yield corporate bonds, which typically move along with stocks, have been holding up, despite the recent volatility in the equities market.
- The premium investors demand for high-yield corporate bonds in euros dipped to a six-year low against government debt as a lack of new issuance push up prices, reports John Glover for Bloomberg.
- “We haven’t seen any significant issuance and there’s still demand for yield from institutional investors,” Craig Veysey, head of fixed income at Sanlam Private Investments Ltd., said in the article. “A lot of issuance has already been done, company balance sheets are relatively strong, so there isn’t necessarily the need to issue.”
- Companies refinanced and raised high-yield bond sales last year, capitalizing on the record low rates.
iShares Global ex USD High Yield Corporate Bond ETF
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.