beerbaron Posted March 22, 2020 Posted March 22, 2020 Hi, does anybody have a good site to chart debt spreads of bond indexes? Thanks BeerBaron
TwoCitiesCapital Posted March 22, 2020 Posted March 22, 2020 Hi, does anybody have a good site to chart debt spreads of bond indexes? Thanks BeerBaron Which ones indices are you looking at? I have access to Barclays which has the info on all of their indices.
beerbaron Posted March 23, 2020 Author Posted March 23, 2020 Hi, does anybody have a good site to chart debt spreads of bond indexes? Thanks BeerBaron Which ones indices are you looking at? I have access to Barclays which has the info on all of their indices. I'm looking to see if it could be worth it for me to move from some equity to corporate or muni bonds. I will especially be looking for companies with high financial leverage that might wipe out the equity but survive after chapter 11. I was thinking spreads for: Muni VS Treasury High Yield VS Treasury Investment Grade VS Treasury BeerBaron
TwoCitiesCapital Posted March 23, 2020 Posted March 23, 2020 Hi, does anybody have a good site to chart debt spreads of bond indexes? Thanks BeerBaron Which ones indices are you looking at? I have access to Barclays which has the info on all of their indices. I'm looking to see if it could be worth it for me to move from some equity to corporate or muni bonds. I will especially be looking for companies with high financial leverage that might wipe out the equity but survive after chapter 11. I was thinking spreads for: Muni VS Treasury High Yield VS Treasury Investment Grade VS Treasury BeerBaron Muni index is 3+% YTW on a post-tax basis - but callables unlikely to be called in this environment so you may do a fair bit better. HY is @ 10% OAS IG was @ 3.5ish last I checked.
TwoCitiesCapital Posted March 24, 2020 Posted March 24, 2020 As of close today Barclays HY OAS - 11 Barclays Corporate (Agg IG corporates) OAS - 3.73 Barclays MBS OAS - 0.86 Muni Index YTW - 3.52
beerbaron Posted March 24, 2020 Author Posted March 24, 2020 Gracias, it feels to me HY is nowhere near where it should be. I would be expecting a greater spread than the the GFC. BeerBaron
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