Deteriorating Momentum in Fixed Income Securities

Momentum Ratings for Bond ETFs were downgraded to a C rating (start of a negative trend) in Trendrating’s November 2016 report

Since the C rating, there has been an average price drop of 7%

Since November 2016, the Bond ETFs covered in the November report have been further downgraded to a D rating (established negative trend)

High Yield Bond ETFs remain in positive momentum territory