Summary
Investor money is flowing into junk, or high-yield, bond mutual funds.
These bonds were punished by the subprime lending crisis this summer, but investors have since been lured back by their returns.See the full content of this document
Extract
Investors Again Smiling On Junk Bonds
Last month's interest-rate cut by the Federal Reserve made their yields more attractive than those of more conservative bond choices. Although a few big junk bond deals have fallen through, Wall Street has plans to deliver several new ones by year's end, providing g...
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