As Junk Bond Sales Smash All-Time Record, Outflows Suddenly Accelerate

As Junk Bond Sales Smash All-Time Record, Outflows Suddenly Accelerate

In what looks like more evidence that September's equity market tumult is spilling over into high yield, outflows from junk funds were $4.22 billion in the week through Wednesday, the latest Lipper data showed. That is the biggest outflow since early July, and ranks among the largest ever on a quick scan. While the Fed is backstopping fallen angels and buying "small" quantities of high yield ETFs as part of its emergency corporate credit program, the fragility of the economic recovery (as unde
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