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U.S. high-yield corporate bond ETF falls to 8-month low after Powell announcement

U.S. high-yield corporate bond ETF falls to 8-month low after Powell announcement

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Investors looked to shed some risk in the U.S. corporate bond market on Monday, pushing a fund tracking the high-yield sector to its lowest level since March after Jerome Powell’s nomination for a second term as Federal Reserve chair raised expectations of sooner rate hikes.

...read full article on Reuters

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