Think Twice Before Assailing Junk Bond ETF Liquidity
September 17, 2013 at 13:24 PM EDT
Fueled by talk of the Federal Reserve tapering its quantitative easing program, Treasury yields started rising in earnest in May. That yield spike prompted in spreads between high-yield bonds and Treasuries to widen, usually a negative sign, and the result was a June swoon for junk bonds that led to intense