High-Yield ETFs Eye Multiyear Highs; ‘Gravity’ About to Kick In?

Junk bond ETFs such as SPDR Barclays High Yield Bond (NYSEArca: JNK) are trying to break out to their highest levels since the financial crisis. However, there are lingering fears about credit and interest-rate risks in high-yield debt ETFs, with some analysts saying it’s mathematically...