SPDR Bloomberg High Yield Bond Getting Very Oversold
October 03, 2023 at 16:18 PM EDT
In trading on Tuesday, shares of the SPDR Bloomberg High Yield Bond ETF (JNK) entered into oversold territory, changing hands as low as $88.37 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100..
