Junk Bond ETFs Face Rising Credit Risks
March 24, 2020 at 16:16 PM EDT
As the coronavirus upends normal life, bond exchange traded funds that track the speculative-grade spectrum are exposed to greater credit risks. Over the past month, the iShares iBoxx $ High Yield Corporate Bond ETF (NYSEArca: HYG) declined 22.0% and the SPDR Barclays High Yield Bond ETF (NYSEArca:...