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leoi137

We Might Have a Problem (Shorting Junk Bonds, HYG)

Short
iShares iBoxx $ High Yield Corporate Bond ETF (AMEX:HYG)  
leoi137  
AMEX:HYG   iShares iBoxx $ High Yield Corporate Bond ETF
Beyond Technical Analysis
2
0
beyondta
snapshot

These are BB graded junk corporate bonds that yield 5.42% during a low interest period, at the same time jobless claims claims are at 22M with almost 18% unemployment. This does not look like a good situation, we may have a problem. I bought a 6/19 expiration 72/68 Put spread for $0.40 each, if it continues to go up I will buy more.
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