M********r
发帖数: 278 | 1 Watch HYG JNK. Yesterday Third avenue halted redemption of its 3.5 B junk
bond fund. |
h**b
发帖数: 343 | 2 不懂。high yeid bond怎么回事？能细说下么
【在 M********r 的大作中提到】
: Watch HYG JNK. Yesterday Third avenue halted redemption of its 3.5 B junk
: bond fund.
|
r****m
发帖数: 1204 | 3 Brought down by crashing commodity prices.
Year-end tax selling will put extra pressure on it too.
Stay away from it for now. |
h**b
发帖数: 343 | 4 401k里有个 bond，其有10%为junk bond 是否该赶紧卖了呢？
【在 r****m 的大作中提到】
: Brought down by crashing commodity prices.
: Year-end tax selling will put extra pressure on it too.
: Stay away from it for now.
|
S**C
发帖数: 2964 | 5 Illiquid assets won't suddenly become liquid just because one wraps them
together.
【在 M********r 的大作中提到】
: Watch HYG JNK. Yesterday Third avenue halted redemption of its 3.5 B junk
: bond fund.
|
h******b
发帖数: 6055 | 6 正是买入更多的时候。hyg/jnk都有15%的energy exposure。 除非你认为油价一辈子
是35刀一桶，否则是一个很好的买入机会。
而且就算这样，hyg一年是5%的红利，图形看着怕人，实际上一年也就损失了5%。明年
只要保持现在价位就赚回这5%了。
我有hyg，考虑卖掉转jnk来take tax loss。 |
M********r
发帖数: 278 | 7 The reasons I posted this are 1. Junk bonds offer very little value for
asset allocation because of their high volatility and high correlations with
equity. 2. Mutual funds halting redemption is very rare. But apparently
this can happen. This is a reminder to anyone who invest in any financial
products that there is always serious liquidity risk ( Ian not talking about
junk bonds per se but liquid products such as MF). 3. In theory there is a
slight possibility the problem in junk bond market could spread to other
areas of markets. However , correct me if i am wrong, junk bond market is
smaller compared with mortgage market. |
h******b
发帖数: 6055 | 8 Risk/Reward go hand in hand。
5 year return with dividend:
agg: 3.37
hyg: 4.01 (that's with the energy beat down today)。
Volatility is not a bad thing。
with
about
a
【在 M********r 的大作中提到】
: The reasons I posted this are 1. Junk bonds offer very little value for
: asset allocation because of their high volatility and high correlations with
: equity. 2. Mutual funds halting redemption is very rare. But apparently
: this can happen. This is a reminder to anyone who invest in any financial
: products that there is always serious liquidity risk ( Ian not talking about
: junk bonds per se but liquid products such as MF). 3. In theory there is a
: slight possibility the problem in junk bond market could spread to other
: areas of markets. However , correct me if i am wrong, junk bond market is
: smaller compared with mortgage market.
|
S**C
发帖数: 2964 | |
