How has junk been faring compared to higher quality? Don’t know about higher quality bonds but here are some numbers from my almost all junk portfolio.I hold about 95 unique issues within approximately 65 corporations:date port value% CY% YTM% JNK(ETF) S&P5/31 100.0 9.3 12.3 40.58 1630.76/14 98.2 9.5 12.8 40.22 1626.76/21 96.7 9.6 13.2 39.14 1592.4So this month, S&P is down 2.35%, JNK (ETF) is down 3.55%, and my junk port is down 3.3%.But the 9%+ CY and the frequent call redemptions and tender offers at par+ seems like a big advantage over an ETF in this current weak market.So junk is really not doing that bad…By comparison, my CA munis are down about 4.5% this month.Howard
date port value% CY% YTM% JNK(ETF) S&P5/31 100.0 9.3 12.3 40.58 1630.76/14 98.2 9.5 12.8 40.22 1626.76/21 96.7 9.6 13.2 39.14 1592.4
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