Junk bond yields vs. other bonds
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Junk bond yields vs. other bonds
Currently JNK, the SPDR Bloomberg Barclays High Yield Bond ETF, is yielding just below 1%. However BND, Vanguard Total Bond Market Index Fund ETF, is yielding more than 2%. Also VGIT, Vanguard Intermediate-Term Treasury Index Fund ETF, is yielding ~1.5%. Am trying to wrap my head around why junk bond yields are so low compared to other bond yields, which have gone up in recent months. What am I missing here?
"Anyone who claims to understand quantum theory is either lying or crazy" -- Richard Feynman
Re: Junk bond yields vs. other bonds
Can you explain how you are getting your numbers?
Re: Junk bond yields vs. other bonds
Presumably, you're looking at something other than the 30-day SEC yield. This fund ought to be yielding over 3%.
Re: Junk bond yields vs. other bonds
I don't know but I'd guess all your yield numbers are wrong.tomsense76 wrote: ↑Thu Apr 08, 2021 1:22 pm Currently JNK, the SPDR Bloomberg Barclays High Yield Bond ETF, is yielding just below 1%. However BND, Vanguard Total Bond Market Index Fund ETF, is yielding more than 2%. Also VGIT, Vanguard Intermediate-Term Treasury Index Fund ETF, is yielding ~1.5%. Am trying to wrap my head around why junk bond yields are so low compared to other bond yields, which have gone up in recent months. What am I missing here?
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Re: Junk bond yields vs. other bonds
The 30-day SEC yield for JNK is 3.95%.tomsense76 wrote: ↑Thu Apr 08, 2021 1:22 pm Currently JNK, the SPDR Bloomberg Barclays High Yield Bond ETF, is yielding just below 1%. However BND, Vanguard Total Bond Market Index Fund ETF, is yielding more than 2%. Also VGIT, Vanguard Intermediate-Term Treasury Index Fund ETF, is yielding ~1.5%. Am trying to wrap my head around why junk bond yields are so low compared to other bond yields, which have gone up in recent months. What am I missing here?
Re: Junk bond yields vs. other bonds
I don't know where you're getting 1% yield from:tomsense76 wrote: ↑Thu Apr 08, 2021 1:22 pm Currently JNK, the SPDR Bloomberg Barclays High Yield Bond ETF, is yielding just below 1%. However BND, Vanguard Total Bond Market Index Fund ETF, is yielding more than 2%. Also VGIT, Vanguard Intermediate-Term Treasury Index Fund ETF, is yielding ~1.5%. Am trying to wrap my head around why junk bond yields are so low compared to other bond yields, which have gone up in recent months. What am I missing here?
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Re: Junk bond yields vs. other bonds
Yep sorry for the noise I think I misread
"Anyone who claims to understand quantum theory is either lying or crazy" -- Richard Feynman