

Higher yields have given bonds a fresh case against stocks, according to Matt Bartolini, global head of research strategists at State Street Investment Management. He spoke during an Oct. 20 webcast hosted by VettaFi Head of Research Todd Rosenbluth and sponsored by State Street.

Diversify Advisory Services LLC lifted its position in SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) by 69.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,300,208 shares of the company's stock after buying an additional 940,030 shares during the period. SPDR Blackstone Senior


The State Street Blackstone Senior Loan ETF (SRLN) is rated 'hold' due to risk-off sentiment and elevated CCC credit spreads. SRLN offers a 7.3% distribution yield, investing 80% in first-lien senior secured floating-rate loans, with B-rated debtors comprising 67.44%. Technical signals show SRLN trading below short- and medium-term moving averages, with low volatility but limited upside in the current environment.


Moulton Wealth Management Inc. purchased a new position in SPDR Blackstone Senior Loan ETF (NYSEARCA:SRLN) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 164,332 shares of the company's stock, valued at approximately $6,604,000. SPDR Blackstone Senior Loan

The fall so far has seen a marked increase in yields, following the Fed's rate hike last month. Both the 30-year and 10-year Treasurys have reached multi-decade highs, as governments compete with tech issuers for credit and geopolitical risk remains high.

Most bonds lose value when interest rates climb, but one corner of the loan market is wired differently. Understanding why requires a close look at how these loans are structured and what that structure actually costs you.