High Yield CCC-Rated Bonds

High Yield CCC-Rated Bonds Consumer-related and technology industries now represent more than one-third of CCC issues. Image: Arbor Research & Trading LLC

U.S. Corporate CCC-Rated Bonds Diverge During Trade War

U.S. Corporate CCC-Rated Bonds Diverge During Trade War As the chart suggests, CCC-rated bonds are not the canary in the coal mine. The divergence in option-adjusted spreads between CCCs and higher-rated issues reflects the impact of the US-China trade war. Image: Arbor Research & Trading LLC

U.S. Bond Market

U.S. Bond Market Based on GDP and the forward curve, the U.S. 10-year seems less expensive right now, and may perhaps climb higher. Image: Fidelity Investments

Average Valuation Percentile: Equity, Bond, Credit

Average Valuation Percentile: Equity, Bond, Credit Chart suggesting that credit and equities look expensive, while bonds are the most expensive. Image: Goldman Sachs Global Investment Research

S&P 500 Index vs. U.S. High Yield Bond Spread

S&P 500 Index vs. U.S. High Bond Yield Spread Chart showing the current divergence between U.S. equities and high yield bond spreads, while they are generally correlated. Image: Jeroen Blokland

U.S. Corporate Bond Ownership

U.S. Corporate Bond Ownership More than 25% of U.S. corporate bonds are held by insurance companies. Many investment grade investors are not allowed to hold junk-rated bonds. Any drop in the credit ratings could amplify the next recession. Image: NBF Economics and Strategy

Super-Cycles – Commodities, Stocks, and Bonds

Super-Cycles – Commodities, Stocks, and Bonds The importance of asset allocation and diversification: commodities, stocks, and bonds do not necessarily moved together over the long term. Image: Wells Fargo Investment Institute