A sell-off in high-yield bonds has cooled investor interest, with $3.4B pulled out of high-yield...

|By:, SA News Editor

A sell-off in high-yield bonds has cooled investor interest, with $3.4B pulled out of high-yield funds vs. nearly $37B pumped in during the year's first 4 months. Martin Fridson says the low rate of economic growth may not be great for equity, but provides enough for issuers of junk bonds to make their nut. Falling default rates would seem to back that up.