Euro Junk Yields Decline Below 5% for First Time in 2016: Chart

Borrowing costs for high-yield companies in Europe have fallen below 5 percent for the first time in four months, according to Bank of America Merrill Lynch index data. Average yields on euro junk bonds have tumbled from a three-year high of 6.6 percent in January, spurred by economic stability and investors shifting to riskier assets amid the European Central Bank’s expanded quantitative-easing program.

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