JNK - SPDR Blmbg Barclays High Yield Bd ETF

NYSEArca - Nasdaq Real-time price. Currency in USD
107.82
+0.34 (+0.32%)
At close: 3:59PM EDT

107.84 +0.01 (0.01%)
After hours: 4:35PM EDT

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Previous close107.48
Open107.77
Bid107.76 x 3200
Ask108.25 x 1400
Day's range107.68 - 107.88
52-week range98.76 - 109.62
Volume4,487,869
Avg. volume7,457,928
Net assets9.64B
NAV107.34
PE ratio (TTM)N/A
Yield5.60%
YTD return10.23%
Beta (3Y monthly)0.18
Expense ratio (net)0.40%
Inception date2007-11-28
Trade prices are not sourced from all markets
  • Junk bond canary soothes fears around yield curve recession signal
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    Junk bond canary soothes fears around yield curve recession signal

    The muted selloff in the market for junk bonds offsets jittery investors rattled by the Treasury market’s signal of an impending recession.

  • Morgan Stanley tells investors to play defense as cycle indicator flashes ‘downturn’
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    Morgan Stanley tells investors to play defense as cycle indicator flashes ‘downturn’

    Stocks and other risky assets tend to underperform in the next 12 months after Morgan Stanley’s cycle indicator shift to a ‘downturn.’

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  • Gundlach’s Advice to Investors during 2020 Elections
    Market Realist

    Gundlach’s Advice to Investors during 2020 Elections

    Why Jeffrey Gundlach Thinks Now's a Good Selling Opportunity(Continued from Prior Part)Jeffrey Gundlach on next presidential elections Jeffrey Gundlach accurately predicted Donald Trump’s victory in the 2016 elections. While talking about his

  • Gundlach Predicts What the Next Downturn Will Look Like
    Market Realist

    Gundlach Predicts What the Next Downturn Will Look Like

    Why Jeffrey Gundlach Thinks Now's a Good Selling Opportunity(Continued from Prior Part)Jeffrey Gundlach on the next downturn Jeffrey Gundlach believes that if equities do well this year, emerging market equities will do better than US stocks (SPY)

  • Gundlach: Could US Economic Indicators Be Signaling a Recession?
    Market Realist

    Gundlach: Could US Economic Indicators Be Signaling a Recession?

    Gundlach: Could US Economic Indicators Be Signaling a Recession?(Continued from Prior Part)Leading indicators After being asked about the timing of the next recession during his interview with Yahoo Finance, Jeffrey Gundlach said that while the

  • Trade War Remains Investors’ Top Concern
    Market Realist

    Trade War Remains Investors’ Top Concern

    BAML Survey: Fund Managers Aren't Optimistic about Recent Rally(Continued from Prior Part)Trade war still investors’ top concernIn Bank of America Merrill Lynch’s February 2019 survey, trade war concerns remained the top tail risk cited by

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    4 ETF Areas Getting All Love in Valentine Month

    Investors are showering love on these ETFs in the ongoing Valentine month.

  • How Risky Assets Have Behaved Lately
    Market Realist

    How Risky Assets Have Behaved Lately

    Responding to Rising Risks(Continued from Prior Part)VanEck Now, how is the market reacting to that? You see it in the fixed income markets, spreads are widening. Look at credit spreads, credit spreads are widening, a sign that default risks are

  • Fund Managers Most Concerned about Corporate Leverage Since 2009
    Market Realist

    Fund Managers Most Concerned about Corporate Leverage Since 2009

    January BAML Survey: Fund Managers Bearish, but No Recession Yet(Continued from Prior Part)Concerns about corporate leverageAs reported by CNBC, according to the Bank of America Merrill Lynch survey for January, hedge fund managers’ chief concern

  • Why Gundlach Expects a Wave of Corporate Downgrades to Come
    Market Realist

    Why Gundlach Expects a Wave of Corporate Downgrades to Come

    Most of Gundlach’s 2018 Calls Were Spot On—What about 2019? (Continued from Prior Part) ## Gundlach on US federal debt As reported by Reuters, Jeffrey Gundlach called the ballooning US (SPY) (VOO) federal government debt “a completely horrific situation.” In 2018, total US debt increased by $1.4 trillion, far more than the ~$900 billion budget deficit. Gundlach also said that the United States could be at a “tipping point” in a “debt-compounding cycle.” He asked, “Are we growing at all or is it all just the increase in debt?” ## Ballooning interest costs Moreover, Gundlach cited data provided by the CBO (Congressional Budget Office), which reflect rising interest costs for the US government. The CBO expects debt to reach 3.7% of GDP by 2035 from ~1.4% in 2015. ## Corporate leverage is also bad Gundlach is also focused on corporate leverage and said that there is a significant risk of downgrades in the BBB space as leverage has risen to near record highs. Gundlach used a historical leverage ratio analysis to highlight how large a portion of BBB rated bonds (BND) would be junk (JNK) right now. As reported by Yahoo finance, Gundlach said, “Actually, 45% of the entire investment grade bond market would be rated junk right now … based on leverage ratios. Forty-five percent.” Gundlach has also stated that while downgrades have started to happen, even more should have happened already. He thus expects a wave of downgrades to come. Continue to Next Part Browse this series on Market Realist: * Part 1 - Most of Gundlach’s 2018 Calls Were Spot On—What about 2019? * Part 2 - Jeffrey Gundlach: How to Survive the Market Zigzags in 2019 * Part 3 - Gundlach: Junk Bond Market Is Flashing Yellow on Recession

  • Gundlach: Junk Bond Market Is Flashing Yellow on Recession
    Market Realist

    Gundlach: Junk Bond Market Is Flashing Yellow on Recession

    Most of Gundlach’s 2018 Calls Were Spot On—What about 2019? (Continued from Prior Part) ## How near are we to a recession? Currently, one of the questions on the minds of most investors is whether we are entering a recession. According to a chart shown by Jeffrey Gundlach, if we consider the way junk bond spreads have generally behaved six months ahead of recessions, we’ll find that there’s no immediate contraction on the horizon. He notes, however, that according to the red line in the graph above, the recession risk is rising even if it’s still relatively early. ## Flashing yellow Gundlach is somewhat concerned about the high-yield junk bond (JNK) market, which he’s said is now “flashing yellow.” He added that while this could be a “false negative,” it’s “something we’re going to have to watch very, very carefully.” Gundlach also thinks that the corporate bond market has the potential for negative surprises. He thus advises investors to use the strength of junk bonds as a gift and get out of them. ## Yield curve and recession fears Regarding his outlook on the yield curve, the bond king has said that contrary to conventional wisdom, he expects the bond curve (TLT) (BND) to steepen. He noted that the yield curve will flatten but will steepen before a recession begins. At the beginning of December, part of the US Treasuries yield curve inverted for the first time since the recession, with the spread between five- and three-year Treasury yields narrowing to -0.01 percentage points. The most-watched spread, the one between the two- and ten-year Treasury yields, also narrowed the most it had since the previous recession. The markets (DIA) (IVV) have been concerned that more hikes from the Fed could invert the curve, which has usually been an accurate predictor of upcoming recessions. Continue to Next Part Browse this series on Market Realist: * Part 1 - Most of Gundlach’s 2018 Calls Were Spot On—What about 2019? * Part 2 - Jeffrey Gundlach: How to Survive the Market Zigzags in 2019 * Part 4 - Why Gundlach Expects a Wave of Corporate Downgrades to Come

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    Most Loved and Hated ETFs of 2018

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