by bondevalue | Apr 5, 2021 | Interest Rate Trends, Investment Grade Bonds
The iShares iBoxx $ IG Corporate Bond ETF aka LQD saw its worst ever month of outflows with investors pulling $3.6bn out of the fund. The ETF, which holds 2,420 securities and has an effective duration of 9.44 years, is highly sensitive to changes in benchmark...
by bondevalue | Mar 12, 2021 | Interest Rate Trends
The largest high yield bond ETF, iShares iBoxx High Yield Corporate Bond (HYG) witnessed its second-largest daily inflows ever on Wednesday, March 10, pulling in $1.3bn. Investors also flocked to other junk bond ETFs as the SPDR Bloomberg Barclays High Yield Bond ETF...
by bondevalue | Mar 9, 2021 | Interest Rate Trends, Sovereign Bonds
The longer dated bonds of the some emerging market sovereigns slipped by 1.5-3 points on Monday. This comes at a time when Treasury yields have been on a climb on increasing inflation expectations, rising from 0.93% at the start of the year to the current levels of...
by bondevalue | Feb 26, 2021 | Interest Rate Trends, U.S. Treasury Yield
US Treasury yields hit an intraday high of 1.61% yesterday before retreating to less than 1.5%. Market participants have attributed this to inflation expectations rising as fiscal and monetary policy has loosened. Here, we take a look at inflation expectations and US...
by bondevalue | Feb 26, 2021 | Interest Rate Trends
Global Sukuk issuance has slowed to multi-year lows for the year to date (YTD) period. As per Bloomberg, sovereign and corporate issuers globally have sold ~$2bn of sukuk debt this month and $4bn YTD, the lowest amount in the same period since 2015. GCC Sukuk G3...
by bondevalue | Feb 23, 2021 | Interest Rate Trends
US bond ETFs across the spectrum saw outflows leading to a sell-off in this space. In particular, the iShares Investment Grade LQD ETF, the second biggest credit ETF in the US saw outflows of over $7.4bn in six weeks. According to Bloomberg data, this is the worst...
