The SPDR Barclays High Yield Bond (JNK) posted a solid 1.5% total return for the shortened four-day trading week through July 8—the best performance among the major asset classes, based on a set of proxy ETFs. The advance marks the second straight week of strong increases for the fund. Part of the renewed allure: relatively juicy payouts at a time when the 10-year Treasury yield has been plumbing new all-time lows amid increased confidence that the US economy will continue to avoid a recession for the near term.
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