Yes fund values do reflect the performance of the fund managers, however the 
Vanguard funds are heavily indexed. My usage is not as trading vehicles but as 
a simple way to monitor increase/decrease in the spreads. I use spreads as a 
confirming/non-confirming indicator for intermediate term trading decisions in 
SP 500 and ND 100 index futures.

Earl
  ----- Original Message ----- 
  From: cwest 
  To: [email protected] 
  Sent: Wednesday, April 12, 2006 8:43 AM
  Subject: RE: [quotes-plus] High Yield Bond Data


  Earl, aren't the High Yield data mentioned reflecting the best efforts,
  trading, of the fund managers? If I'm not mistaken, these funds don't
  reflect the actual high-yield rates from day-to-day. 
  Colin

    _____  

  From: [email protected] [mailto:[EMAIL PROTECTED] On
  Behalf Of EAdamy
  Sent: Wednesday, April 12, 2006 7:18 AM
  To: [email protected]
  Subject: Re: [quotes-plus] High Yield Bond Data


  If you track corporate and high yield versus treasuries as I do, you might
  consider using Vanguard fund prices as proxies: VFICX (Corp) and VFITX
  (Treas) and VWEHX (High Yield). I run spreads and use the spreads to track
  risk acceptance/aversion. 

  Earl
    ----- Original Message ----- 
    From: ericleake 
    To: [email protected] 
    Sent: Tuesday, April 11, 2006 10:49 AM
    Subject: [quotes-plus] High Yield Bond Data


    Gary-
    Thanks for a great data feed. I am a new subscriber using QP along 
    with Amibroker. Great combination.

    One dissappointment I have with many data vendors is the lack of index 
    data for High Yield Bonds. I know Lipper charges an arm and a leg for 
    thier index, but what about the Merril Lunch HYB index? They make the 
    data available free on their website with a small signup form. I have 
    to enter the data manually everyday...sure would be nice to have this 
    data in the QP download.

    Here is a link to the Merril 
    page:http://www.mlindex.ml.com/GISPublic/bin/QuickChart.asp?sCurr=0|LOC

    symbol: H0A0 (H zero A zero)

    Thanks-

    Eric.






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