HYS Forecast


Bullish Case: HYS shows consistent returns over multiple holding periods, suggesting stability. Current low volatility presents a lower risk environment suitable for bull spreads.


Bearish Case: Despite HYS's recent relative stability, the declining price trend over five years and higher implied volatility for nearer term options indicate potential downside risks.


Potential Outcomes:

1. Sideways movement (60%): Minimal volatility, as historical performance suggests stability.

2. Upside movement (20%): Moderate bullish sentiment pushing prices upward.

3. Downside movement (20%): High implied volatility indicates possible drops in the near term.


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June 19, 2024


PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded Forecast

HYS      PIMCO 0-5 Year High Yield Corporate Bond Index Exchange-Traded











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