Exchange-traded funds that focus on high-yield bonds have recouped losses that followed Carl Icahn’s video warning about the debt last year. The iShares iBoxx $ High Yield Corporate Bond Yield ETF, the largest in its category, fell as much as 9 percent after Icahn’s Sept. 29 posting of the “Danger Ahead” video. The SPDR Barclays High Yield Bond ETF, the second-largest, lost as much as 11 percent. The billionaire investor’s presentation amounted to a buy signal, Jared Dillian, editor of the Daily Dirtnap newsletter, wrote Thursday.
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