Returns on high-yield bonds exceed 50% this year

10/19/2009 | Wall Street Journal, The

Investor appetite for high-yield bonds has increased over the past year, spurring a rally and propelling the bonds of Ford Motor, MGM Mirage and other companies. High-yield bonds returned 50.23% as of Friday, according to the Merrill Lynch Master II High Yield Index. The S&P 500 Index increased 20% during the same period.

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