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FYI: (Click On Article title At Top Of Google Search) Junk-bond prices have bounced back following their steepest decline in more than a year, underscoring the thirst for higher-yielding investments despite persistent valuation concerns.
Portfolio managers are seeking out the debt after a selloff that last week took the Bank of America Merrill Lynch U.S. High Yield BB Effective Yield above 5% for the first time since the “taper tantrum” of mid-2013. Yields rise when prices fall.
