Junk Bonds in U.S. Poised for Biggest Retreat in 4 Months
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Speculative-grade bonds in the U.S. are poised for their biggest weekly loss since May as buyers withdraw money from domestic funds that buy the debt for the first time in more than three months.
The securities lost 0.6 percent this week through yesterday after gains in the five previous periods, Bank of America Merrill Lynch index data show. Funds that buy the notes reported $5 million of outflows, with investors pulling $65 million from exchange-traded funds, according to a Sept. 27 Bank of America Corp. report.