Plunge in High-Yield Bond ETFs Rattles Nerves
June 17, 2011 at 08:15 AM EDT
Exchange traded funds that invest in high-yield or “junk” bonds plunged nearly 2% on Thursday even though the underlying market was relatively quiet, according to reports. The ETFs’ decline is another worrying sign for stock bulls, since weakness in the high-yield sector can foreshadow tough...
