O***C
发帖数: 1219 | 1 这只ETF在过去3年里和SP500走势重合度很高，如果QE不止，美股飙高不息的话，持有
它比持有SP500指数ETF更划算，因为有高息可拿。
但是最近3个月，HYG和SP500走势出现了明显的背离。SP500大涨，HYG基本不动。我想
原因是国债利率大涨的原因。我想国债利率大涨，反映了经济在好转，那么垃圾级企业
融资的成本相应也会下降。HYG应该不会像TLT,BAB那样随着利率上涨而大跌。
唯一担心的是，如果超级通胀来临的话，HYG想不跌都难了。
请问版上诸位大虾： HYG可以中线持有么？(1-3年）
谢谢指教！ |
s***s
发帖数: 4329 | 2 别的就不多说了
国债利率大涨，那么垃圾级企业融资的成本应该是增加的，童鞋！
当然啦，如果经济真的好转的话，人们觉得垃圾级企业倒闭的可能性下降，
就愿意购买垃圾级企业发行的债券，那样的确会推高垃圾级企业债券的价格 |
p*****y
发帖数: 529 | 3 The last two years have been golden era for junk bond financing. The
companies have mostly refinanced their higher interest debt to lower ones.
And the equity market signals that economy is coming back, which means "junk
" companies should see better profits. So junk bond should be a buy now.
The only concern is that recently issued junk bonds have provisions which is
at better advantage of the junk companies. The provisions could post big
risk when the company is in default. just be aware of this risk. |
m********d
发帖数: 1281 | 4 A lot of corporate bonds and some muni bonds have a call option built in,
which means that even if you purchased them today at a coupon rate, they can
be recalled. Also if you sell before maturity, their principal value can
fluctuate depends on the market, so yield can go down. |
m********d
发帖数: 1281 | 5 A lot of corporate bonds and some muni bonds have a call option built in,
which means that even if you purchased them today at a coupon rate, they can
be recalled. Also if you sell before maturity, their principal value can
fluctuate depends on the market, so yield can go down. |
