Yield to Worst

Don’t hate all bonds, buy yield paper to call

Never in my 34-year bond career have I heard such vile and vitriolic hatred and fear of bonds. I understand the multiple explanations, but nothing happened. The ten-year Treasury still hovers around 2%. Junk bond yields and spreads are low and compressed. Still, it could last a lot longer. YTC stands for “yield to call” […]