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USTs spiked 17 basis points on the short end and 15 to 12 10-years and out following the release, while triple-A curves saw yields rise two to five basis points, depending on the yield curve, in a more muted and typical reaction for the asset class.
Muni yields rose up to 13 basis points Wednesday, depending on the curve, coming on the tailwind of a market correction, said Brad Libby, a fixed-income portfolio manager and credit analyst at Hartford Funds.
Among individual issues, there are examples of Asia high-yield corporates that are riskier than domestic equivalents.
IShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG – Get Free Report) saw unusually large options trading activity on Tuesday. Investors purchased 498,074 put options on the company. This represents an increase of 53% compared to the average volume of 324,637 put options. iShares iBoxx $ High Yield Corporate Bond ETF Price Performance Shares […]
Strategic Blueprint LLC lifted its position in iShares iBoxx $ High Yield Corporate Bond ETF (NYSEARCA:HYG – Free Report) by 651.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,695 shares of the exchange traded fund’s stock after purchasing an additional 21,408 shares during the […]