convertible bonds are off to a strong start this year after a tough 2022 and the gains could continue if growth stocks maintain their earlyyear momentum the spdr bloomberg convertible securities exchangetraded fund ticker cwb at around 68 has returned 55 this month after declining 21 in 2022 including dividends the 4 billion etf yields 2 in line with the yield in the 235 billion market which is tilted to growth companies