XCCC BondBloxx CCC-Rated USD High Yield Corporate Bond ETF Loading... : Investor Sentiment and Bull/Bear Views
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Price change since each call, adjusted for long/short direction. Results calculated:
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19:50
Sep 17
Sep 17
CCC and software credits face distress.
Most high-yield borrowers can withstand marginally higher interest costs, but CCC-rated and riskier software credits face material refinancing headwinds that could push some into distress, bankruptcy, or liability management.
HIGH
18:46
Jan 23
Jan 23
CCC high-yield bonds poised to rally
CCC-rated bonds and the lowest-quality high-yield credit trade cheap to the rest of the credit market and are underowned, offering room to rally if there is no material growth slowdown or credit shock. Defaults are a timing risk, but in most of the cycle they should not eat into the income earned.
HIGH
21:05
Jan 13
Jan 13
Credit cycle started; avoid CCC credit
The credit cycle has already started even though headline credit returns looked fine on the surface. The spread between BB and B is around 50 basis points and is in line with or better than historical averages, but stepping down into CCC credit shows spreads at twice the historical B-to-CCC difference. That tells Okada that deep sub-investment-grade credit is where stress is building and investors should not reach out on the risk curve for extra yield.
HIGH
About XCCC Investor Commentary
Across the available history and selected sources, Buzzberg tracks XCCC (BondBloxx CCC-Rated USD High Yield Corporate Bond ETF) across 2 sources: 1 bullish vs 0 bearish calls from 3 authors. Historical directional balance: 33% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 3 total trade ideas tracked. Past 7 days, before deduplication: 1 other directions. Latest voices: Michael Best, Will Smith, Mark Okada.