UPDATE: Short call spread on high-yield bonds
Management and risk description
Bond yields have moved up over the last several weeks which has inversely affected bond prices, including the lower-grade fixed income (junk bonds). With nine days to go in our short call spread it has been threatened (market at $87) but we'll hold till next week to make any adjustments. Expiration is on October 21 and volatility in the markets has picked up.
— Edited by Susan McDonald
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