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US junk bond mutual funds have $255 mln inflows-AMG

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Joanne98 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-19-09 05:27 PM
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US junk bond mutual funds have $255 mln inflows-AMG

NEW YORK, Feb 19 (Reuters) - U.S. junk bond mutual funds reported $255 million in net inflows in the week ended Feb. 18, AMG Data Services reported on Thursday.

The funds had reported $534 million in net inflows the previous week, AMG said.

Junk bonds are rated below investment grade and carry high yields to compensate for their risks. Junk bond funds have attracted cash as low interest rates on safe-haven U.S. Treasuries and money market funds prompted investors to shift into high-yielding bonds. (Reporting by Ciara Linnane; editing by Gary Crosse)

http://www.reuters.com/article/etfNews/idUSN1952988520090219
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marketcrazy1 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Feb-19-09 05:33 PM
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1. yup, keep chasing those yields !!!!
this will end badly!!!
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