 |
Corporate junk bonds, as represented by the SPDR Barclays Capital High Yield Bond ETF (JNK) have been outperforming the lower risk (in theory) iShares iBoxx Investment Grade Corporate Bond Fund (LQD) for the last three months. In fact, junk is banging out new highs today, as perhaps investors are buying the argument that as the economy gets better, there will be less risk in owning the debt of some shakier companies. Meanwhile, US Treasury Bonds are getting hammered today. Here is the current scorecard for annual fixed income yields:
|
