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JNK
SPDR Barclays Capital High Yield Bond ETF

5/23/2012, 8:55 AM ET
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JNK Market Currents more »
  • Friday 10:11 AM The high yield default rate through April is running well ahead of the same period in 2011, reports Fitch, with the amount of bonds affected totaling $9.2B vs. $1.7B last year. It's likely to get worse in May as Fitch estimates a default rate of 2% this month, the highest level since October 2010. (full report, .pdf)
    1 Comment
    [Financials]
  • Thursday 10:10 AM The deterioration in high-yield bond ETFs (HYG -1.1%), JNK -1.3%) accelerates, with JNK now trading at a 243 bp discount to NAV. Peter Tchir isn't ready to buy yet, saying the discount can actually feed on itself as it brings a "reverse arb" action into play.
    Comment!
ETF Stats
  • Expense Ratio: 0.40%
  • Average Bid Ask Ratio: 0.03%
  • Tracking Error: 0.82%
  • Concentration Risk: 5.86%
  • Capital Gains Dist. %: 0.69%
  • Number of Securities: 220
  • Dividend Amount: $0.235761
  • Dividend Date: 03/01/2012
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JNK in Focus more »
JNK Press Releases and Filings more »
Currently, there are no press releases or filings on JNK.
JNK Cramer more »
Currently, there are no Cramer articles on JNK.
JNK Instablog posts more »
  • The T Report: Attack Of The Killer E's, Ease, And Eeze
    Tue, May 22 • Peter Tchir • Comment!
  • Not Even A Pause For The Market
    Thu, May 17 • TAAcomplete • Comment!
  • Short Term Rebound, But More Downside For Equities And Commodities
    Mon, May 14 • TAAcomplete • Comment!
  • More Downside Is Expected For Equities And Commodities
    Fri, May 11 • TAAcomplete • Comment!
  • JNK-LQD Leading Indicator = Risk On (For Now)
    Tue, May 1 • Gary Tanashian • Comment!
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JNK Description
The SPDR® Barclays Capital High Yield Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Barclays Capital High Yield Very Liquid Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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Country: United States
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