News Digest:

U.S. “junk” bond funds attracted net inflows worth almost $6.8bn in July, following a difficult a few months earlier this year, according to data published by Morningstar Direct.

Takeaway:

As of August 10, high-yield bonds currently were paying an interest of 7.29%, significantly higher than the 4.42% they offered in early January, as per the ICE Bank of America U.S. High-Yield Index. In comparison, the 7-year U.S. Treasury bond yielded about 2.86% as of August 10.

End Notes

Source: https://www.cnbc.com/2022/08/12/investors-are-piling-into-junk-bonds-what-to-know-before-buying.html