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Junk bonds - based on the BAML High Yield Master II Index - returned 1.83% in Q2, bringing...

Junk bonds - based on the BAML High Yield Master II Index - returned 1.83% in Q2, bringing the H1 gain to 7.08%. June was a particularly strong month, with the junkier the paper, the better the return. Remember how June started (hint: ugly)? There's a lesson in there somewhere.
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