Tag Archives: High Yied

Muni Bonds Suffering in June; Worst Month Since September 2008

Investment grade municipal bonds tracked in the S&P National AMT-Free Municipal Bond Index have seen a negative total return of 4.97%  in June so far, the worst month since September 2008 when the index was down 5.13%.  The yield (Yield to worst) on bonds in the index has risen by 95bps since the end of Read more […]

Shorter Duration Munis Hold Up While Longer Duration Munis Tumble

Duration is everything in a rising interest rate market. Short term municipal bonds have fared better than their longer term counterparts as money moves out of bond funds. The S&P Short Term AMT-Free Municipal Bond Index has seen its weighted average yield remain fairly steady and has recorded a modestly down June so far of Read more […]

Senior Loans & High Yield Bonds

Duration is everything in a rising interest rate environment.  Senior loans, as tracked by the S&P/LSTA U.S. Leveraged Loan 100 Index are down 0.34% month to date. These floating rate below investment grade loans have seen their weighted average yield rise by 19bps since May month end.  Meanwhile, fixed rate high yield bonds tracked in Read more […]

High Yield Bonds See Yields Continue to Rise

High yield corporate bonds as tracked by the S&P U.S. Issued High Yield Corporate Bond Index have seen yields rise about 56bps since month end May driving a negative total return of 1.38% so far for June 2013. High yield municipal bond yields have risen by 30bps in the same time period as the S&P Read more […]

US Municipal Bond Market Data – March 14, 2013

High yield municipal bond yields and relative spreads to investment grade munis have moved to lows not seen since 2008.  The S&P Municipal Bond High Yield Index has shown a positive total return of over 1.68% year to date and over 14% since this time last year.  The yield spread between high yield and investment Read more […]