High-Yield ETFs Down for Third Week, Diverge from S&P 500
May 24, 2013 at 10:00 AM EDT
Junk debt ETFs such as iShares iBoxx High Yield Corporate Bond (NYSEArca: HYG) and SPDR Barclays High Yield Bond (NYSEArca: JNK) are on track for their third straight week of losses. The high-yield corporate bond ETFs are also diverging from the S&P 500, so the credit market doesn’t seem to be...