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Sorry, Barron's... The High-Yield Bond Rout Is Just Beginning
Last week, Barron's recommended that investors start buying beaten-up high-yield bond funds that are trading at big discounts and yielding 10% or more.
Their advice: "Take advantage of this rout in risky debt."
Not so fast! Some stocks are discounted for a very good reason: Buying them could cost you money...
Last week, Barron's recommended that investors start buying beaten-up high-yield bond funds that are trading at big discounts and yielding 10% or more.
Their advice: "Take advantage of this rout in risky debt."
Not so fast! Some stocks are discounted for a very good reason: Buying them could cost you money...