High-Yield Bond ETFs Not Confirming New S&P 500 High
August 05, 2013 at 11:59 AM EDT
The major U.S. stock indices have broken out to fresh highs but high-yield corporate bond ETFs have yet to join the party as interest rates rise. For example, the S&P 500 is up nearly 8% for the trailing three months while iShares iBoxx High Yield Corporate Bond (NYSEArca: HYG) has shed about...
