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A nasty close is in store for a lousy month for high yield (HYG -1%) as it loses some appeal...

A nasty close is in store for a lousy month for high yield (HYG -1%) as it loses some appeal amid now-visible Treasury rates. The yield spread over Treasurys was nearly 500 bps a year ago, but just 400 now. Through yesterday, investors have pulled about $1.5B from HYG and JNK according to IndexUniverse. Not falling as far as the index funds and actually seeing inflows this month is AdvisorShares' actively-managed high yield ETF (HYLD).
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Comments (1)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Look at a chart and you'll see what a nasty month is for HYG. This last month wasn't it.
    31 May 2013, 03:08 PM Reply Like
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