Deals
Junk-Bond ETF Takes In $1 Billion as Hunt for Yield Lures Buyers
- Investors have piled into JNK for seven consecutive sessions
- Treasury yields have dropped on Fed’s neutral policy stance
Source: Getty Images
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As investors search for higher returns amid falling Treasury yields, they’re pouring billions of dollars into exchange-traded funds that track junk bonds.
The $9.3 billion SPDR Bloomberg Barclays High Yield Bond ETF, or JNK, has seen seven straight days of inflows -- the longest streak in six months. About $1.1 billion has been injected into the fund since March 5, boosting its assets by 13 percent.