The U.S. high yield bond market looks overheated, Sober Look says, as investors snap up junk...

|By:, SA News Editor

The U.S. high yield bond market looks overheated, Sober Look says, as investors snap up junk bonds as quickly as they come to market and retail inflows at BlackRock's High Yield Corporate Bond Fund ETF (HYG) hit another record. "Such aggressive valuations and tremendous retail participation make this market a prime candidate for a correction."