LQD iShares iBoxx $ Investment Grade Corporate Bond ETF Loading... : Bullish and Bearish Analyst Opinions
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15:23
Jul 20
Jul 20
Attractive yields, strong demand in credit.
Investment grade corporate bonds are attractive. Yields north of 5.2% are drawing 12 consecutive weeks of inflows. Supply is lumpy but deals are multiple times oversubscribed, and the overall exposure to AI capex in the index remains manageable.
MED
14:00
Jul 20
Jul 20
Avoid bonds, own T-bills for yield.
The entire fixed-income curve offers inadequate compensation for duration and credit risk relative to risk-free T-bills. Credit spreads are in the top decile historically and are vulnerable to blowing out. Investors should avoid aggregate bonds, corporates, and high yield, and own T-bills instead.
HIGH
14:00
Jul 17
Jul 17
AI causes credit spread blowout hit LQD
Second-order AI disruption effect: credit spreads will blow out due to aggregate demand issues. He uses put spreads on investment-grade bond ETF LQD to benefit from a sell-off.
HIGH
07:50
Jul 17
Jul 17
Corporate credit likely to underperform
Corporate credit is likely to underperform because spreads are very tight and do not reflect the risks being taken. The firm holds an underweight position and prefers government bonds, which would act as a hedge against equity risk.
MED
11:10
Jul 13
Jul 13
Avoid U.S. investment grade credit
Spreads on U.S. investment grade credit are far too tight to compensate for the risks, especially the correlated risk from the private credit market. Investors are not getting paid for the earnings growth they get in equities.
HIGH
16:23
Jul 10
Jul 10
Record debt supply widens credit spreads.
Record supply of nearly $1 trillion in new investment-grade debt from hyperscalers, M&A, and fundraising will overwhelm demand, causing credit spreads to widen; Oracle's downgrade to one notch above junk highlights the risk.
MED
16:07
Jul 10
Jul 10
IG credit too tight, expect widening.
Investment grade corporate credit spreads are too tight relative to other credit tiers; a more discerning credit investor environment should lead to spread widening and concession in IG.
MED
13:00
Jul 10
Jul 10
Stay overweight all major US assets.
Since the post-2008 era, overweighting US dollar, credit, equities, real estate, and infrastructure has been enormously profitable. The dollar remains the unchallenged world reserve currency with no signs of a shift in its dominant shares of trade, FX reserves, SWIFT payments, and cross-border loans. US equities appear expensive on PE ratios, but PEG ratios are not out of line due to strong earnings growth. The lack of a viable alternative to the dollar and the continuing inflow of immigrants and innovation support staying long the US across all major asset classes.
HIGH
11:16
Jul 07
Jul 07
Investment grade credit provides yield cushion
Investment grade credit offers an attractive yield cushion of 5-6% for mid-duration portfolios. Solid balance sheets and a still-positive macro environment support credit, and the recent Treasury curve flattening indicates markets expect only a temporary, reversible hiking cycle, making IG debt a protective holding.
HIGH
12:24
Jul 06
Jul 06
Range-bound yields make credit carry attractive.
All-in fixed income yields are attractive, yields are expected to be range-bound, and carry will be the main return driver. Credit fundamentals are strong: IG index spreads have been in a 5bp range for nearly 60 days, record issuance (including from AI/data build-out) is being well absorbed. Therefore, investors can be comfortable investing in both investment grade and high yield.
HIGH
11:58
Jul 06
Jul 06
Overweight investment grade credit
Within fixed income, ING is underweight sovereign bonds and overweight investment grade credit. There are opportunities for yield pick-up in investment grade given current credit quality.
MED
22:15
Jul 02
Jul 02
Buy investment-grade corporate bonds.
Investment-grade corporate credit spreads are tight but justified by strong fundamental support; the asset class offers reliable carry and has historically outperformed government bonds, making it attractive for stable returns.
MED
20:22
Jul 02
Jul 02
Lighten up on credit, downside risk high.
Credit spreads are very tight, leaving little upside and more ability for downside in the current environment, so the team has lightened up on credit exposure.
MED
15:12
Jul 02
Jul 02
Investment grade bonds at 6% yield attractive.
Investment grade corporate bonds yielding close to 6% are compelling given a resilient economy, stable spreads, and strong investor inflows. Fixed income offers attractive risk-adjusted returns in a low-hire, low-fire economy.
HIGH
14:39
Jul 02
Jul 02
Avoid US IG on tight spreads
US investment grade corporate bonds are unattractive due to tight spreads, heavy supply, and limited upside despite strong demand.
MED
15:28
Jun 29
Jun 29
Favor credit, short duration.
Underweight duration, overweight credit: high-quality credit benefits from low defaults and strong cash flows, while duration is risky with sticky inflation and potential rate hikes.
MED
16:09
Jun 26
Jun 26
Lend into high real yields now
It is the best time to lend. Risk-free real yields are very attractive, credit fundamentals are solid, and new issue concessions provide gifts to investors. Investment-grade fixed income offers strong compounding opportunities.
HIGH
20:14
Jun 25
Jun 25
IG credit spreads can tighten to 60 bps
Investment grade credit spreads can tighten further to the 60s—levels not seen in decades—because corporate bond supply is scarce relative to massive government borrowing. The K-shaped economy means only tech is issuing heavily while other sectors are issuing below trend, so supply dynamics remain favorable. The risk is that AI monetization fails to materialize, derailing the spread call.
HIGH
23:47
Jun 23
Jun 23
Avoid IG credit, spreads at lows
Investment grade credit spreads are at all-time lows with almost no upside, making credit unattractive. Overweight equities should be funded from credit markets.
MED
21:21
Jun 18
Jun 18
IG credit may underperform on heavy supply
Investment-grade corporate bond market faces record supply, testing demand capacity and likely causing modest spread widening; IG could underperform other risk assets, similar to the 1997-1998 cycle when credit began financing the business cycle. Fundamentals of IG issuers are strong, but the sheer quantum of supply is the key headwind.
MED
21:57
Jun 17
Jun 17
Prefer equities over stretched credit.
Credit valuations are near 15-year highs while equities have already repriced lower on strong earnings growth, making equities a more attractive risk asset; prefer to take risk exposure in equities over credit while staying selective in credit.
MED
21:03
Jun 17
Jun 17
Prefer equities over expensive credit.
Equities have experienced a step down in valuations due to strong earnings growth outpacing price moves, while corporate credit valuations remain near 15-year highs. Citi prefers taking risk-asset exposure in equities over credit, positioning portfolios accordingly throughout the year.
MED
22:33
Jun 16
Jun 16
Prefer investment grade corporates to Treasuries.
He argues it makes more sense to own high-quality investment grade corporate bonds rather than Treasuries. Credit spreads, though narrow, still provide a yield pick-up, and declining long-duration Treasury demand from well-funded pension funds makes corporate bonds relatively more attractive.
MED
20:20
Jun 11
Jun 11
Public credit attractive, IG bonds yield 5%
Public credit markets are attractive relative to private credit. Liquid bonds and loans offer 5% yield on investment-grade bonds, making them a compelling alternative to opaque, illiquid private credit. Money flowing back into public credit will tighten spreads further.
MED
22:31
Jun 09
Jun 09
Lock in 6% IG credit yields.
The free cash flow yield on equities is only 3% while the 10-year Treasury yields 4.5%, arguing for the relative value of fixed income. Investors can lock in a 6% yield on investment-grade credit, and duration risk is manageable because the Fed is likely to keep rates unchanged rather than hike.
MED
20:43
Jun 09
Jun 09
Credit spreads too tight, unattractive risk.
Corporate credit spreads are at multi-year tights while absolute yields remain elevated, making the risk reward unattractive. The team has trimmed credit exposure and moved to shorter duration given persistent inflation.
MED
20:14
Jun 09
Jun 09
Lock in 6% IG credit yield now.
She is not afraid of duration and encourages clients to buy and hold bonds. Locking in a 6% yield on investment-grade credit is attractive enough, especially with the Fed likely to keep rates steady.
HIGH
19:05
May 29
May 29
IG credit spreads can tighten to 60s.
Natalie Trevithick believes investment grade corporate bond spreads could tighten further, potentially falling into the 60s basis points range, a level not seen since the mid-1990s. She cites strong technical demand from investors seeking yield above 5%, robust corporate earnings that make bonds resilient even on equity disappointments, and the massive demand for IG supply from hyperscalers like Amazon which saw $127 billion of demand for a $37 billion deal.
MED
19:05
May 22
May 22
Overweight short-duration IG corporates.
Overweight investment-grade corporate bonds while taking shorter duration exposure to avoid curve steepening risk, as yields remain attractive (average 5.25%) despite tight spreads, and flows into the market continue strong.
MED
16:31
May 22
May 22
IG corporate bonds offer yield pickup.
Investment grade corporate bonds offer a yield pickup over sovereigns and continue to see strong investor demand despite record issuance. Spreads remain near historic lows, and the appetite appears insatiable, making them an attractive relative value compared to risk-free Treasuries.
MED
About LQD Analyst Coverage
Buzzberg tracks LQD (iShares iBoxx $ Investment Grade Corporate Bond ETF) across 10 sources. 37 bullish vs 5 bearish calls from 56 analysts. Sentiment: predominantly bullish (46%). 69 total trade ideas tracked. Past 7 days: 1 bullish, 1 bearish, 2 watch. Latest voices: Kay Herr, Meb Faber, Carson Block.