European Money Rushes into U.S. High-Yield Bond Funds
Tuesday, Aug. 28, 2012
With the European Central Bank's proposal to buy distressed governments' bonds possibly to hit a snag in German court, high-yield bond funds in the U.S. pulled in $597 million last week from European investors. The inflow, the largest since February, indicates that U.S. bonds are regarded as a haven from eurozone difficulties.
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