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Investment Grade vs. High Yield Bonds
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Bond Characteristics As Of: June, 2008
|
|||||||||
|
Investment Grade
|
|
High Yield
|
|||||||
|
Treasury
|
AAA
|
AA
|
A
|
BBB
|
BB
Plus |
BB
Minus |
|
||
| Current Yields | |||||||||
| 3 Month |
1.89
|
||||||||
| 6 Month |
2.19
|
||||||||
| 1 Year |
2.42
|
3.22
|
3.37 | 3.77 | 4.22 | 5.22 | 6.02 | ||
| 5 Year |
3.49
|
4.69
|
4.79 | 5.09 | 6.09 | 7.84 | 8.49 | ||
| 10 Year |
4.10
|
5.45
|
5.55 | 5.85 | 6.60 | 7.80 | 8.80 | ||
| 20 Year |
4.74
|
0.00
|
6.22 | 6.57 | 7.24 |
|
|||
| 30 Year |
0.00
|
||||||||
|
Maturity Premium
|
|||||||||
|
Treasury
|
AAA
|
AA
|
A
|
BBB
|
BB
Plus |
BB
Minus |
|
||
| 5 Year above 1Year Treasury (basis points) |
1.07
|
1.47
|
1.42 | 1.32 | 1.87 | 2.62 | 2.47 | ||
|
10 Year above |
1.68
|
2.23
|
2.18 | 2.08 | 2.38 | 2.58 | 2.78 | ||
| 20 Year above 1 Year Treasury (basis points) |
2.32
|
-3.22
|
2.85 | 2.80 | 3.02 |
|
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|
Quality Premium
|
|||||||||
|
Yield Premium Above Treasury Yield
|
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|
Treasury Yield
|
AAA
|
AA
|
A
|
BBB
|
BB
Plus |
BB
Minus |
|
||
|
1 Year Above Treasury Yield |
2.42
|
0.80
|
0.95 | 1.35 | 1.80 | 2.80 | 3.60 | ||
| 5 Year Above Treasury Yield (basis points) |
3.49
|
1.20
|
1.30 | 1.60 | 2.60 | 4.35 | 5.00 | ||
| 10 Year Above Treasury Yield (basis points) |
4.10
|
1.35
|
1.45 | 1.75 | 2.50 | 3.70 | 4.70 | ||
| 20 Year Above Treasury Yield (basis points) |
4.74
|
-4.74
|
1.48 | 1.83 | 2.50 |
|
|||
|
Bond Investment Returns For Periods Ending:
June, 2008
|
||||||
|
3
Months |
6
Months |
9
Months |
1
Year |
3
Years |
5
Years |
|
| Ultra Short - Term | ||||||
| 90-Day Treasury Bills |
0.42
|
0.98
|
1.93
|
3.13
|
4.24
|
3.21
|
| 3 Month CD's |
0.69
|
1.43
|
2.65
|
4.02
|
4.62
|
3.51
|
| 6 Month CD's |
0.75
|
1.46
|
2.67
|
4.03
|
4.69
|
3.61
|
| Short-Term | ||||||
| Lehman 1-3 Year Government |
-0.84
|
2.11
|
4.46
|
7.08
|
4.71
|
3.32
|
| Intermediate Term | ||||||
| Lehman Aggregate |
-1.02
|
1.13
|
4.17
|
7.13
|
4.08
|
3.86
|
| Lehman Intermediate-term Government |
-1.85
|
2.19
|
5.62
|
9.17
|
4.82
|
3.60
|
| Lehman Intermediate-term Government/Corporate |
-1.52
|
1.44
|
4.39
|
7.40
|
4.28
|
3.49
|
| Lehman Intermediate-term Corporate |
-1.01
|
0.27
|
2.46
|
4.57
|
3.39
|
3.26
|
| Long-Term | ||||||
| Lehman Long-term Government |
-2.24
|
1.42
|
7.09
|
12.30
|
3.74
|
4.67
|
| Lehman Long-term Government/Corporate |
-1.48
|
-0.72
|
3.12
|
6.77
|
2.24
|
3.98
|
| Lehman Long-term Corporate |
-0.61
|
-2.62
|
-0.47
|
1.68
|
0.84
|
3.42
|
| Municipal | ||||||
| Lehman Municipal Bond |
0.64
|
0.02
|
1.39
|
3.25
|
2.93
|
3.53
|
| Bond Segments | ||||||
| Government |
-1.91
|
2.07
|
5.87
|
9.69
|
4.61
|
3.80
|
| Corporate |
-0.90
|
-0.47
|
1.70
|
3.81
|
2.75
|
3.26
|
| Mortgage-backed |
-0.49
|
1.94
|
5.05
|
7.84
|
4.82
|
4.56
|
| Government/Corporate |
-1.52
|
0.98
|
4.11
|
7.25
|
3.84
|
3.58
|
| International Bonds | ||||||
| Salomon Non-Dollar |
-4.72
|
5.69
|
9.82
|
18.72
|
6.66
|
7.06
|
| Other Segments | ||||||
| High Yield |
1.81
|
-1.14
|
-2.17
|
-2.12
|
4.85
|
7.24
|
Serving all of
Central Illinois:
Peoria Illinois IL
Bloomington Illinois IL
Normal Illinois IL
Springfield Illinois IL
Decatur Illinois IL