The chart shows that JNK formed several classical bear flag patterns as it declined.
Consider a high yield exchange-traded fund like the Barclays High Yield Bond SPDRS ETF (NYSE: JNK).
The most widely held ETFs by number of funds would add in HYG, JNK and IWM.
By comparison, JNK is beating the Barclays 3-7 Year Treasury Bond Fund (IEI), which is down 0.5 percent year-to-date.
Tickers for suitable funds matching the above allocations are, in order: SCHB, VEU, AGG, VWLTX, SCHH, VB, VO, VDE, JNK and VUSTX .
On June 15, 2010, two weeks before a final agreement on the Dodd-Frank bill, JNK Securities arranged an all-day roster of meetings for clients.
The chart of the SPDR Barclays Capital High Yield Bond ETF ( JNK) shows the drop through weekly support from the fall of 2010 (line e).
The junk bond market has lost much of its allure, as the SPDR Barclays Capital High Yield Bond ETF ( JNK) has had a rough few months.
Last month, JNK Securities brought a group to Capitol Hill to meet with top House telecommunications aides to discuss whether the government would grant a license to LightSquared Inc.
This year through the end of October, the SPDR Barclays Capital High Yield Bond ETF (JNK) and the iShares iBoxx High Yield Corporate Bond (HYG) are up 12.6% and 10.1%, respectively.
FORBES: Ford And Icahn Look Like Better Bond Bets Than Uncle Sam
Since March 2009, those factors have both been big tailwinds for below-investment grade paper, helping drive both the JNK and HYG 50% higher in price over the past year and a half.
FORBES: Ford And Icahn Look Like Better Bond Bets Than Uncle Sam
Just take a look at what happened to the SPDR Barclays High Yield bond ETF ( JNK) compared to the high-quality Vanguard Total Bond ETF ( BND) during the heart of the last recession.
Shares of JNK have a positive edge in the short-term of just over three quarters of a percent, significantly higher than its rival, high yield bond ETF, the iBoxx High Yield Corporate Bond Fund (NYSE: HYG).
Shares of JNK pulled back for four days in a row at the beginning of March, closing oversold for each of those sessions before reversing to the upside to finish higher for four out of the following five days.
High yield bond funds like Janus High-Yield (JAHYX) or Fidelity High Income (SPHIX) have consistently performed better than high yield ETFs like SPDR Barclays Capital High Yield ( JNK) and iShares iBoxx High Yield ( HYG) and with less volatility.
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