Don't Blame Junk-Bond Buyers for Confusion with Messy Fed Talk

Janet Yellen, chair of the U.S. Federal Reserve, during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., on June 17, 2015.

Photographer: Andrew Harrer/Bloomberg

The hint that Federal Reserve stimulus will last just a little longer is enough for investors to go back into risky debt.

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