The New Junk Trend

Bruno, Joe Bel
May 2004
Investment Dealers' Digest;5/17/2004, Vol. 70 Issue 20, p9
Trade Publication
Reports that despite being singled out as one of the more resilient asset classes in the wake of a United States Federal Reserve Board interest rate hike, high yield investment class has proved less immune to the sell-off in U.S. equity markets, according to the "High Yield Report" periodical. Dow Jones Industrial Average fell below 10,000 for the first time in 2004; 44 high-yield sectors experienced spread widening.


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