High-Yield Funds Go Bananas as Junk-Bond Rout Worsens
Why the Junk-Bond Rally Appears to Be Unraveling
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As U.S. markets swim in sea of red, trading in the largest high-yield exchange-traded funds has skyrocketed to dizzying levels.
The iShares iBoxx High Yield Corporate Bond ETF, Blackrock Inc.’s $18.7 billion fund, saw volume spike over five times higher than its average level at 1:19 p.m. in New York, according to data compiled by Bloomberg.