Junk Bond ETFs Lower After Bernanke Warns on ‘Reaching for Yield’
May 10, 2013 at 10:50 AM EDT
The two largest junk debt ETFs were set for their first back-to-back losses for the first time in nearly a month after Federal Reserve Chairman Ben Bernanke warned investors on the risks of stretching for yield in a low-rate market for bonds. “In light of the current low interest rate environment,...