By Market News Video Staff, Tuesday, August 31, 3:45 PM ET
Over the last several months, a slew of disappointing economic data has caused investors to capitulate and sell their equity holdings. Negative jobs data, poor consumer confidence and gloomy housing data has taken its toll on the stock markets since April and has SPY down almost 15%. One sector of the market that is benefitting, however, are the bond markets.
Over the last several months, both short term, medium term and long term corporate bond holdings have soared, with the Vanguard Long Term Corporate Bond ETF (NASDAQ:VCLT) up more than 10.8% over the same time period, the iShares Investment Grade Corporate Bond Fund (AMEX:LQD) up 7.8%, and the SPDR Barclays Capital Short Term Corporate Bond ETF (AMEX:SCPB) a little more than 1.2%.
These ETFs hold major US companies in their portfolios, including General Electric (NYSE:GE), Verizon Communications (NYSE:VZ), Citigroup (NYSE:C), AT&T (NYSE:T) and Wells Fargo (NYSE:WFC).
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