JPMorgan Asset Management also mirrored the sentiment as it was starting to shift into junk bonds again. Oksana Aronov, fixed income strategist at JPMorgan, argues that investors were “still faced with tremendous income shortage,” which would help support high-yield assets.
On Wednesday, one trader also made a big options trade that could generate a profit if HYG rose by march, reports Alex Rosenberg for CNBC. A trader acquired 12,992 82-strike call contracts expiring in March for $1.35 per share and took a hedge by selling 12,992 75-strike put contracts expiring in March for $1.32 per share.
iShares iBoxx $ High Yield Corporate Bond ETF
For more information on speculative-grade debt, visit our junk bonds category.
Max Chen contributed to this article.