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Junk Yield Spread Widens On ADP Report

|Includes: IEF, SPDR Bloomberg Barclays High Yield Bond ETF (JNK)

With a weak ADP employment report on Wednesday, the Junk bond spread widened against Treasury bonds, signaling a more risk averse trading environment, weighing on equity prices. The Junk yield spread is represented by the ratio iShares Barclays 7-10 Year Treasury (NYSEARCA:IEF) over SPDR Barclays High Yield Bond (NYSEARCA:JNK).