James Keenan, comanager of the BlackRock High Yield Bond fund, loves disarray in the markets.
International High Yield Bond shares are currently trading down about 0.3% on the day.
Yes, high yield stocks can be good income producers, but they can also be very volatile.
Also check out their Undervalued Stocks, Top Growth Companies and High Yield stocks.
The high yield universe excluding telecoms did not exactly knock the cover off the ball.
High yield corporate debentures need scrutiny as to EBITDA coverage of the underlying debt.
Click here for his latest high yield recommendations in Canadian Trusts, preferreds and convertibles.
Alternative scenarios are especially pertinent in evaluating the current outlook for high yield bonds.
The longest available series for high-yield bond returns is the Merrill Lynch 100 High Yield Index.
In a worst case scenario, such as a double dip recession, high yield would get clobbered.
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Yet, emerging market and high yield bonds in general have underperformed safety all year.
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In theory, that makes buying high yield this way as safe as it gets.
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At this point, fixed interest rates, even for high yield (junk-rated) debt, are near historic lows.
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At worst, I believe, the high yield market has gotten a bit ahead of improving fundamentals.
Anyone seeking a bid on a high yield bond had to be prepared to wince.
Also view his undervalued stocks, top growth companies and high yield stocks.
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Another option for traders is the PowerShares High Yield Corporate Bond Portfolio ETF (NYSE: PHB).
Consider a high yield exchange-traded fund like the Barclays High Yield Bond SPDRS ETF (NYSE: JNK).
This suggests that stocks may be attractive investment opportunities versus even high yield bonds.
For investors that maintain fixed income exposure, we continue to favor high yield over Treasuries.
The JPMorgan Domestic High Yield Index is an index composed of non-investment-grade corporate bonds.
In a low interest rate environment like we have now, high yield is a Godsend.
High yield bonds work to pick up the slack created by anemic Treasury returns.
Penniman also acknowledges that defaults are always a concern in the high yield markets.
In an attempt to generate more income, many investors build portfolios concentrated in high yield stocks.
Just 18.7% of the issues within the high yield index are rated CCC, the most default-prone category.
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That was the period of excesses in one particular segment of the high yield market, namely, telecommunications.
And is it really the high yield that makes dividend stocks attractive, or is it something else?
The high yield bond market gets my money with its 500 basis points spread over 10-year Treasuries.
The usual impulse is to compare emerging markets with high yield, seeing both as highly risky categories.
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