EXCLUSIVE: Yield Surge Reveals Investment-Grade Corporate Bonds As Potential Goldmine
Portfolio Pulse from Piero Cingari
The bond market has seen a surge in yields, with the 10-year yield surpassing 4.30% and the 30-year yield exceeding 4.40%. This surge has been attributed to Fitch's downgrade of the U.S. credit rating from AAA to AA+. Jay Menozzi, CIO for Orange Investment Advisors, suggests that this could make investment-grade corporate bonds an attractive investment. The iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSE:LQD) has seen its yield climb to 5.9%.
August 22, 2023 | 7:59 pm
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The iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSE:LQD) could see increased interest due to the surge in bond yields.
The surge in bond yields could make investment-grade corporate bonds, such as those tracked by the iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSE:LQD), an attractive investment. This could lead to increased demand for the ETF, potentially boosting its price.
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