From Bespoke Investment Group:
Along with the S&P 500, the junk bond market made new bull market highs as well today. As shown below, the high yield bond ETF (HYG) had been trading in a very tight range over the past few weeks.
Last week it began to pick up, however, and today it broke out of its range to close...
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More on bonds:
How to invest for income in "the new normal"
Three places to put your cash if interest rates rise
Brilliant Forbes advisor Steve Hanke: Bonds are risky as Fed creates inflation "time bomb."