It’s not a ‘buy the dip’ for corporate bonds, it’s ‘sell the dip,’ it’s not going to get fixed tomorrow – Saba Capital
Market Concerns: Boaz Weinstein warns that Trump's trade war could trigger a rapid selloff in corporate bonds, leading to an accelerated rate of bankruptcies and a potential market crash, with significant declines already observed in various bond ETFs.
Economic Forecasts: Major financial institutions like Bank of America and Goldman Sachs have lowered their economic forecasts, indicating increased risks of a global recession, as the S&P 500 experiences substantial losses and rising credit risk anxiety.
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Market Concerns: Boaz Weinstein warns that Trump's trade war could trigger a rapid selloff in corporate bonds, leading to an accelerated rate of bankruptcies and a potential market crash, with significant declines already observed in various bond ETFs.
Economic Forecasts: Major financial institutions like Bank of America and Goldman Sachs have lowered their economic forecasts, indicating increased risks of a global recession, as the S&P 500 experiences substantial losses and rising credit risk anxiety.
ETF Outflow Details: The ProShares Ultra 7-10 Year Treasury ETF experienced the largest outflow, losing 370,000 units, which is a 36.1% decrease in outstanding units compared to the previous week.
Author's Perspective: The opinions expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.

Overview of Invesco PHB ETF: The Invesco Fundamental High Yield Corporate Bond ETF (PHB), launched in 2007, focuses on high-yield bonds and has over $573 million in assets. It aims to replicate the RAFI Bonds US High Yield 1-10 Index and offers a 12-month trailing dividend yield of 5% with an expense ratio of 0.50%.
Investment Considerations: While PHB provides diversification with 243 holdings, it is considered a higher-risk option compared to other ETFs like iShares iBoxx $ High Yield Corporate Bond ETF (HYG) and iShares Broad USD High Yield Corporate Bond ETF (USHY), which may offer better performance and lower expenses for investors seeking safer alternatives.
- Big ETF Outflows: The FFND ETF experienced the largest outflow, losing 160,000 units, a 32.0% decline compared to the previous week.
- Disclaimer: The views and opinions expressed in the content belong to the author and may not represent those of Nasdaq, Inc.





