Money is pouring into junk bond funds even as returns in the sector lag equities this year. Fans...

|By:, SA News Editor

Money is pouring into junk bond funds even as returns in the sector lag equities this year. Fans say this just means high-yield paper has plenty of room to rise, it's spread 630 basis points above Treasurys, well ahead of the record-low of 243 bps just before the financial crisis erupted. JNK +4.1%, HYG +2.8% YTD.