High-yield risks shed doubts on strength of U.S. economy

The selloff in the bellwether high risk corporate debt market is spreading fears that the U.S. economy is on less sound footing than investors thought. On Monday, the widely-traded iShares iBoxx $ High Yield Corporate Bond ETF - essentially a basket of junk debt -expanded its losses for the year to 12 percent. A competitor product, the SPDR Barclays High Yield Bond ETF, expanded its losses for the year to 13.4 percent....(read more)

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