Short HYG: High-Yield Spreads Are Likely To Widen [Seeking Alpha]
New York Community Bancorp, Inc. (NYCB)
Last new york community bancorp, inc. earnings: 4/29 07:00 am
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US:NYSE Investor Relations:
ir.mynycb.com
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Source: Seeking Alpha
Junk bonds are almost as exposed to refinancing risk as much maligned commercial real estate debt. Monetary policy and Treasury financing needs will pressure systemic liquidity, especially if the Fed continues QT. In this article, I offer a trade idea: short junk bonds with put options. I also suggest a hedging strategy that should help mitigate the cost of the trade. I think this is a very low-risk trade with big potential upside. After explaining the details of the trade, I will discuss the economic assumptions that underpin my recommendation. As always, I would greatly appreciate any feedback, especially disagreements. If I'm wrong about something, I want to know. I don't want to lose money any more than you do. The Trade: Short High-Yield Bonds with "HYG" Puts My investment idea is to short junk bonds. To me, this seems like such an obvious and low-risk opportunity as to make me wonder whether there could be something important that I'm missing. As the graph shows, “o
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NYCB
News
- NYCB delays annual shareholders meeting by two weeks [Reuters]Reuters
- Troubled Philadelphia-based bank implodes in first failure of the year [Fortune]Fortune
- Regulators close Philadelphia-based Republic First Bank, first US bank failure this year [Yahoo! Finance]Yahoo! Finance
- Regulators close Philadelphia-based Republic First Bank, first US bank failure this year [Financial Post (Toronto, Ontario, Canada)]Financial Post
- NEW YORK COMMUNITY BANCORP, INC. ANNOUNCES JUNE 5TH DATE FOR THE 2024 ANNUAL MEETING OF SHAREHOLDERS [Yahoo! Finance]Yahoo! Finance
NYCB
Earnings
- 1/31/24 - Miss
NYCB
Sec Filings
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- 4/29/24 - Form 4
- NYCB's page on the SEC website