Q: I kinda expected this to have a positive reaction to tarriffs, but it isn't. Are people getting scared of the credit risk? Is it better to hold a treasury bond etf?
5i Research Answer:
The decline today likely reflects the very sharp rise in the Canadian dollar moreso than credit concerns. Though credit may be a partial factor if investors continue to be wary of recession risk.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in XHY.