Fixed-income losses send investors surging back into risky junk bond bets
September 07, 2018 at 08:25 AM EDT
High-yield bonds have beaten most fixed-income assets this year, as the Federal Reserve's interest-rate policy and emerging markets tumult have hurt other credit areas. Billions of dollars have flowed into junk bond ETFs this quarter, but major risks remain in the riskiest part of the bond market.