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Junk bonds ditched by investors at fastest rate for 5 years

Tuesday 16th February 2010
Investors are quitting junk bonds at the fastest rate since September 2005, the Financial Times reports.

Last week almost US $1billion (£640million) was withdrawn from US funds that hold high-yield corporate bonds (junk bonds), according to Lipper FMI - the largest outflow in almost four and a half years.

The FT said it was an indication that concerns over sovereign debt were spreading to other credit markets.

Click here to read full report in the Financial Times

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