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Top 10 US Corporate Bonds By Market Performance In 2024: April Update
The performance of the U.S. corporate bond market in the first quarter of the year was generally flat, though there were notable distinctions between the high-grade and high-yield sectors.
Bonds issued by companies with higher credit ratings (BBB and above) experienced a slight downward trajectory, as showed by the iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSE:LQD). Conversely, lower-rated companies boasting higher yields showed modestly positive performance, as indicated by the iShares iBoxx $ High Yield Corporate Bond ETF (NYSE:HYG).
Also Read: Top 10 US High-Yield Corporate Bonds With Returns Over 20% In April 2024
Below is a list of U.S. corporate bonds that have exhibited the strongest performance in the last three months.
10) Macy’s Retail Holdings LLC 4.3% 12/43
Issuer: Macy’s Inc. (NYSE:M)
ISIN: US55616XAJ63
Last price: $82.08
Yield to maturity (%): 5.9712
Maturity: 15/02/2043
Minimum investment amount: $2,000
3-month performance: 15.83%
9) Ally Financial Inc. 4.7%
Issuer: Ally Financial Inc. (NYSE:ALLY)
ISIN: US02005NBN93
Last price: $78.174
Type: subordinated
Minimum investment amount: $1,000
3-month performance: 16.91%
8) Lincoln National Corp. 7.938% 06/66
Issuer: Lincoln National Corp. ...