Trend is Moving From HFS => SFS
...but not quite yet.
JNK can be treatened by a drop in inflation which would make LQD a better hold, or a drop in growth, making IEF a better hold, or a general rise in interest rates with both growth and inflation accelerating making TBX a better hold. Or, finally, TIP with a drop in growth and accelerated inflation.
Over the past week there has been very little net movement in growth or inflation expectations one way or the other.
Running order, still: TBX, TBX, JNK, JNK, JNK, JNK
With both JNK and LQD closing the gap on the sixth place TBX.
