May 8, 2013
ONLY ONE SAFE HARBOR:
High Yield? Not So Fast: Junk Bond Yields Fall Below 5% (KATY BURNE, 5/08/13, WSJ)
Yields on the Barclays BARC.LN +0.46% US High Yield Index reached 4.97% on Tuesday, a new low and the first time the index has dipped below 5% in its 30-year history.The index fell below 6% on Jan. 1, 2013, meaning yields on the below-investment grade, or "junk," corporate bonds have fallen a full percentage point this year.
Posted by Orrin Judd at May 8, 2013 12:58 PM
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