Posts for Ticker ‘JNK’

Are Record Junk Bond Defaults & Outflows Growing Into Opportunities? (PHK, HIX, HYV, HYG, JNK)

Broken_merger_torn_moneyThe recent turmoil in the credit markets has created problems for issues of the highest quality debt all the way down to the junkiest of junk bonds which trade at ratings under "BBB" or "Baa."  When you have quality firms such as GE and Goldman Sachs paying nearly 10% for Warren Buffett to put on the corporate sweatshirt, and IBM forked out 8% for 30-year maturity debt. 

Read More »

Posted on: October 18, 2008 – 6:01 am in Bonds, Dividend, Economy, , , , ,

Junk Bond ETF Launch: SPDR Lehman High Yield Bond ETF (JNK)

The American Stock Exchange launched trading in a new ETF today as the SPDR Lehman High Yield Bond ETF (Amex: JNK) by State Street Global Advisors.

JNK uses a passive management strategy designed to track the total return performance of the Lehman Brothers High Yield Very Liquid Index which measures the performance of publicly issued U.S. dollar denominated high yield corporate bonds with above-average liquidity.

This new ETF brings the total number of ETF listings on the Amex to a total of 377 ETF’s.  It simultaneously launched stock options chains tied to it as well.  JNK traded only 1,900 shares today.

Jon C. Ogg
December 4, 2007

Posted on: December 4, 2007 – 4:11 pm in ETF,