Junk bond affair betrays signs of seven-year itch
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London
CALL it the seven-year itch.
The torrid romance that doubled the global junk-bond market to US$2 trillion since 2010 is losing the spark for a handful of investors, just like the supposed tendency to infidelity after years of marriage. High-yield bond funds suffered US$10.5 billion of outflows last month, the most since December 2015, according to consultancy EPFR Global.
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