Yesterday we spoke about the price pressure that U.S. Treasury bonds, particularly longer dated issues, have seen in recent sessions and today we investigate the High Yield Corporate Bond space. The two biggest entries in the space, JNK (SPDR Barclays High Yield Bond, Expense Ratio 0.40%) and HYG (iShares High Yield Corporate Bond) have both seen notable outflows in recent sessions, totaling about $500 million collectively. With twenty seven ETPs currently classified in the High Yield Bond category, it is not terribly surprising to see some portfolio re-shuffling at these levels given the strong run that both JNK and HYG have had in the past year. More on ETF Trends here.
