Adding more of the proverbial fuel to the Brexit flame is the European Commission saying that it won’t renegotiate Brexit terms.
High Yield ETF Gains in US Debt Market
In the US, renewed optimism on a US-China trade deal lifted capital markets, including high-yield fixed-income ETFs like the iShares iBoxx High Yield Corp Bond ETF (NYSEArca: HYG). HYG was up 0.51 percent as of 2:00 p.m. ET.
HYG tracks the investment results of the Markit iBoxx® USD Liquid High Yield Index, which is comprised of high yield U.S. corporate bonds that have less than investment-grade quality. Investors who have been able to forego the credit risk have seen total returns of 5.66% the last three years based on Yahoo! Finance performance figures.
Related: Brexit Drama Plagues France ETF
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