Tag Archives: High Yied
S&P High Yield Dividend Aristocrats Part II: Risk/Return
From Dec. 31, 1999, to June 30, 2019, the S&P High Yield Dividend Aristocrats® generated a total return of 590.3%. Of the contribution, about 57% was from dividend income, while 43% came from price appreciation. In this blog, we will look at the risk/return characteristics in detail. Favorable Risk-Adjusted Returns The S&P High Yield Dividend…
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Weaker June CPI Moves Bond Prices Higher
The yield-to-worst of the S&P/BGCantor Current 10 Year U.S. Treasury Index closed out the week of July 17, 2015, at 2.35%, which was 6 bps lower than the previous Friday’s 2.40% close. The 2.40% close on Friday, July 10, 2015, came in after a quick two-day increase, as the yield-to-worst jumped 10 bps on Thursday,…
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The Rieger Report: Municipal Bonds Hold On but Puerto Rico Sinks to New Depths
Data as of June 26, 2015: The investment grade municipal bond market has managed to hold steady with a modest negative return of -0.37% through June 26th 2015. Investment grade corporate bonds have returned -1.13% during the same period. High yield municipal bonds have been pulled downward by Puerto Rico but have still managed to…
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The Rieger Report: Munis Face an Unholy Trio
Three storms are converging on the municipal bond market: supply, interest rates and bad news headlines – a powerful trio of bad news for the municipal bond market. The S&P Municipal Bond Illinois Index is down 1.55% for month-to-date and is the worst performing state index for the month so far. The index is down 1.16%…
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The Yield-Grab Faucet Remains Open, as Long as Rates Are Range Bound
Crude oil has been able to recover from its recent free fall and has stabilized at USD 57 over the week. The stability in oil, with the expectation of prices going higher, has investors changing their view from deflation to an increasing inflationary expectation. The performance of the S&P U.S. TIPS Index does not reflect…
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At 50 cents on the dollar can Puerto Rico cause more pain for the muni bond market?
The S&P Municipal Bond Puerto Rico Bond Index has barely eked out a positive return so far in 2015. Meanwhile, bond prices in the Index are averaging 50 cents on the dollar. The low point for the average bond price in Puerto Rico was July 8th 2014 at 47.27 cents on the dollar. Just as…
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Not All Bonds Are A Sell, Even High Yield Is Split
The yield of the S&P/BGCantor Current 10 Year U.S. Treasury Bond Index started the week of March 9, 2015, at 2.20% and continued lower, closing the week at a 2.12%. The majority of this move is credited to the European Central Bank’s (ECB) purchasing of debt to support its economy. The ECB’s U.S. Federal Reserve-style purchasing…
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Treasury Rates Are Up, But For How Long?
Having touched a low of 1.66% as of mid-February 2015, the yield of the S&P/BGCantor Current 10 Year U.S. Treasury Index bounced up to close at 2.05% on Feb. 13, 2015. The move away from the safety of Treasuries came as an impasse occurred in the negotiations between Greece and their EMU partners. European officials…
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The Rieger Report: Should Municipal Bonds be “Core”?
The often misunderstood municipal bond market is not considered a ‘core’ asset class by many investors and institutions offering financial products to investors. Certainly investment grade municipal bonds have some qualifications to be ‘core’ and the proposed Qualified Public Infrastructure Bond (QPIB) might help change the way we think about this important asset class. Some things for us…
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Global Forces At Work
Global yields have started the new year lower, as the yield of the S&P Global Developed Sovereign Bond Index was 1.05% as of Jan. 5, 2015. The index did touch a low of 0.94% at the end of November before bouncing up to close 2014 at 1.08%. Looking back 10 years, the yield was as…
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