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Junk Bond Yields Are Now Below Inflation

Junk Bond Yields Are Now Below Inflation

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Investment demand for speculative-grade debt and high-yield bond exchange traded funds has been so high that yields on the riskiest U.S. companies are now below that of inflation. The rally in corporate debt rated below investment grade has also pushed yields down to record lows around 4.54%, compared to consumer prices that rose 5% in [.

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