The surge of interest in U.S. high-yield corporate debt is partly attributable to last month’s U.K. vote to leave the European Union, after which global yields dropped to record lows. Total returns on EU high-yield credit lag those of the US by 137 basis points, according to the Deutsche Bank report, as the hunt for yield continues.
Updates with bond inflow data in fifth paragraph.
Junk Bonds Disappearing For Bad Reasons
July 19, 2016
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