by Trevor Hunnicutt
U.S. fund investors pulled $3.1 billion from high-yield “junk” bonds during the latest week.
Stocks and high-yield bonds often trade in sympathy with one another, and high-yield bonds are sometimes seen as predicting what stocks will do next.
The bonds’ decline comes even as other risky assets, including global stocks, have been thriving this year.
JNK has been below its 200-day moving average every day but one since Nov 1st.
Equities attracting $9.1 billion, taxable bonds taking in $2.5 billion and municipal bond funds reeling in $1.2 billion.
Source: Reuters
https://www.reuters.com/article/us-inve ... US%20Money