Tight Spreads Spell Trouble For Junk Bond ETFs

Investors have pulled away from speculative-grade debt and bond-related exchange traded funds, pushing up yields on junk bonds. The U.S. high-yield market is producing yields of about 7.5%, reports Patti Domm for CNBC. The iShares iBoxx $ High Yield Corporate Bond ETF (NYSEArca: HYG) has a 6.56%...