A slow-growing economy may be worrisome for stocks, says Martin Fridson, but it's great for junk...

|By:, SA News Editor

A slow-growing economy may be worrisome for stocks, says Martin Fridson, but it's great for junk bonds, as it provides enough for issuers to cover interest payments. Investors pulled $3B from high-yield mutual funds for the week ended May 23, the most in 9 months and a big change from the $36.6B poured into those same funds from January to April.