Investors are pulling back from the riskiest parts of the US corporate bond market, fearing that a brightening domestic economy may not be enough to save hundreds of companies struggling under heavy debt burdens. An index of junk-rated debt run by Ice Data Services has returned almost 12 per cent this year, as bullish fund managers look lower down the credit spectrum in pursuit of income. Read More...
Investors are pulling back from the riskiest parts of the US corporate bond market, fearing that a brightening domestic economy may not be enough to save hundreds of companies struggling under heavy debt burdens. An index of junk-rated debt run by Ice Data Services has returned almost 12 per cent this year, as bullish fund managers look lower down the credit spectrum in pursuit of income.
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