I am sure the numbers being reported regarding individual investors rushing into high yield bond funds are true. However, I am not sure the correct facts are being circulated. The main narrative that has been reported everywhere from Barron's to the Financial Times is that net inflows into junk bond mutual funds are at record highs. At the same time the reports say that high yield bond issuance in dollar terms has never been higher, and yields on junk bonds have never been lower. Thi...
I am sure the numbers being reported regarding individual investors rushing into high yield bond funds are true. However, I am not sure the correct facts are being circulated. The main narrative that has been reported everywhere from Barron's to the Financial Times is that net inflows into junk bond mutual funds are at record highs. At the same time the reports say that high yield bond issuance in dollar terms has never been higher, and yields on junk bonds have never been lower. Thi...
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