With several central banks remaining accommodative, driving bond yields down, investors turned to high yield debt and associated ETFs to get higher yields.
The S&P 500 remained above 2,100, but ended lower for the week, while the DJIA was marginally down from its previous week’s closing level.
Treasury yields have dipped over time. A bond’s coupon, yield, and price interrelate.
China is the largest foreign holder of US Treasuries, followed by Belgium, Brazil (EWZ), Switzerland, and the United Kingdom.