1.33%
Average value lost last month by U.S. funds investing in junk bonds, or debt rated below investment grade, their second-worst monthly performance since November 2011—prompting fears that many once-hot securities could prove hard to sell in an increasingly difficult trading environment.
GIVEN THAT HIGH YIELD SPREADS ARE AT THEIR TIGHTEST, IT MAKES SENSE TO TAKE A MORE ACTIVE APPROACH TO HIGH YIELD INVESTING, AS THE QE PROGRAM COMES TO AN END AND INTEREST RATES ARE POISED TO HEAD HIGHER…
(Source: WSJ)
