One of the more important charts out there.
The JNK etf shows the investor sentiment based on the interest in high-yield debt. Considering the expectation for the number of defaults to increase, the fact this is not selling off and the spread looking bottom could possibly be a confirmation of the strength in equities.
Will be interesting to see if JNK can sustains a rally to close out the year.
High-yield spreads
High-yield effective yield:
The JNK etf shows the investor sentiment based on the interest in high-yield debt. Considering the expectation for the number of defaults to increase, the fact this is not selling off and the spread looking bottom could possibly be a confirmation of the strength in equities.
Will be interesting to see if JNK can sustains a rally to close out the year.
High-yield spreads
High-yield effective yield: