Investors are bailing out of high-yield and muni bond funds (down $723M and a record $3.1B this...

|By:, SA News Editor

Investors are bailing out of high-yield and muni bond funds (down $723M and a record $3.1B this week, respectively) on "renewed concerns in the sovereign space," Merrill Lynch strategists report. Investment-grade and emerging-market bond funds, by contrast, saw inflows.