Convert to a Different Bond Idea With Convertibles
May 26, 2020 at 12:54 PM EDT
Convertible bonds aren’t often viewed as high-yield destinations, but the SPDR Barclays Convertible Securities ETF (NYSEArca: CWB) – the largest ETF in the category – yields north of 3% and is currently soaring. Convertible bonds are a type of hybrid fixed-coupon security that allows the...