Related: Richmond Fed President Says Rates Must Keep Rising
High-Yield Corporate Bond ETFs Rise
As Italy struggles to get its debt in order, certain high-yield corporate bond ETFs in the U.S. have been gaining today, such as the PIMCO 0-5 Year High Yield Corp Bd ETF (NYSEArca: HYS). HYS is up 0.18% today and up 2.37% year-to-date based on Yahoo! Finance performance numbers.
HYS seeks to provide total return that closely correspond to the total return of the ICE BofAML 0-5 Year US High Yield Constrained Index. HYS invests in the component securities of the ICE BofAML 0-5 Year US High Yield Constrained Index, which is comprised of U.S. dollar denominated below investment grade corporate debt securities publicly issued in the U.S. domestic market with remaining maturities of less than 5 years.
Related: Meeting Minutes Suggest Fed Likely to Raise Rates
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