Junk bonds are beating the broader market so far in 2024 — but watch this shift
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 22 2024
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Source: MarketWatch
- Junk Bonds Outperforming: Junk bonds are performing better than the broader U.S. fixed-income market in 2024.
- Treasurys Attempting a Comeback: Treasury bonds, which were previously struggling, have been trying to make a comeback recently.
- Shift from Credit Risk to Rates Risk: There is a noticeable shift happening among bond investors from credit risk to rates risk.
- Preference for Better Quality and Duration: Investors are moving towards higher-quality credit risks and longer durations.
- Observations by BofA Global Research: Insights from credit strategists at BofA Global Research highlight these trends in the bond market.
Analyst Views on XCCC
Wall Street analysts forecast XCCC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for XCCC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 38.230
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Current: 38.230
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
