SEE MORE: Junk Bond ETFs to Diminish Default Energy Producer Risk
There are those that believe junk bonds may continue to plod along, especially with high valuations in other markets, greater global stability, a rebound in the energy market and the expansion of easy monetary policies around the world.
“For the broad market to keep heading higher, stock bulls would like to see JNK breakout above resistance tests,” adds Kimble Charting Solutions. “Should this leader fail to breakout and turn weak, stocks would most likely be concerned, if that took place.”
For more information on the speculative-grade debt market, visit our junk bonds category.
SPDR Barclays High Yield Bond ETF
