Tag Archives: High Yield

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 […]

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 […]

S&P Dow Jones Fixed-Income Commentary: Mixed Signals as Rates Rise

Chairman Ben Bernanke has tried to be cautious in scripting a message to the markets, but recent communications out of the Federal Reserve have been mixed.  With seven members of the Board representing 12 districts and past members all speaking to the press, the message can get convoluted at times.  The planning and timing to Read more […]

Mid-Month Issuer Review of the S&P U.S. Issued High Yield Corporate Bond Index

The index is up 0.42% month-to-date.  Here is a performance review of the top & bottom 10 issues within the index. Top 10 Issues May has been a good month for MBIA so far.  The insurer settled a 2008 legal dispute with Bank of America concerning bad mortgage debt.  The $1.7 billion settlement later led Read more […]