Xtrackers USD High Yield Corporate Bond ETF

The fragmentation of trade, security, and financial alliances we identified last year is accelerating.

Energy credit outperformance is not primarily tied to the spike in oil prices; it reflects a more credit-friendly sector structure. Read more here.

The employment report last week was also fairly positive, with the economy adding 172k jobs. That makes 4 of the last 5 months positive.