Trading volume for U.S. Bond ETFs broke records this month after interest rate hikes from the Fed causing the U.S. Fixed Income ETF turnover to reach $58 billion, $5 billion more than the previous record in 2020 amidst the early days of Covid-19. The two ETFs that saw the most trading were, BlackRock’s iShares iBoxx $ High Yield Corporate Bond ETF (HYG) which took in $9 billion and State Street’s SPDR Bloomberg High Yield Bond ETF (JNK) which saw $4 billion.
U.S. Bond ETFs See Record Trading In June
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ETF Newz Says:
As trading volume has increased the bond ETF market has become much more volatile.