June 12, 2012 at 08:00 AM EDT
Europe Woes Sap High-Yield Bond ETF Demand
The threat of contagion from the Eurozone debt crisis has gripped the credit market, sending yields on corporate debt to almost four month highs, as investors dumped speculative grade debt and “junk” bond exchange traded funds in favor of safe-haven assets. According to the Bank of...
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