AMEX:JNK   SPDR Bloomberg High Yield Bond ETF
One of the more important charts out there.

The JNK etf shows the investor sentiment based on the interest in high-yield debt. Considering the expectation for the number of defaults to increase, the fact this is not selling off and the spread looking bottom could possibly be a confirmation of the strength in equities.

Will be interesting to see if JNK can sustains a rally to close out the year.

High-yield spreads

High-yield effective yield:


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