Related: Benchmark Treasury Yields Gain Amid Economic Crisis in Turkey
Corporate Bond ETF Continues its Climb
While the Turkish lira is languishing, the iShares Intermediate Credit Bond ETF (NASDAQ: CIU) edged higher today, gaining 0.16%–since July 23, the ETF has gained 0.37%. CIU has generated 1.83% in the last three years according to Yahoo! Finance performance figures.
CIU tracks the investment results of the Bloomberg Barclays U.S. Intermediate Credit Bond Index. CIU focuses on investment-grade corporate debt and sovereign, supranational, local authority and non-U.S. agency bonds that are U.S. dollar-denominated and have a remaining maturity of greater than one year and less than or equal to ten years.
For more trends in fixed income, visit the Fixed Income Channel.