Investors Pour $10.7 Billion Into Junk Bonds as Fears Fade

  • Bond pickers at Pimco, BlackRock high-yield funds led gainers
  • Defaults for U.S. high-yield bonds are rising in April

Investors poured the most money in more than four years into junk-bond debt last month as memories faded of December’s collapse of Third Avenue Management’s mutual fund, which sent tremors through the high-yield credit market.

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