Investors last week swapped high-yield bonds for investment-grade paper, according to the latest...

|By:, SA News Editor

Investors last week swapped high-yield bonds for investment-grade paper, according to the latest flow data showing $200M leaving HYG and JNK and $300M moving into LQD. It's interesting, but hard to read too much into it as LQD has more than $22B in AUM and HYG more than $14B.