This trashy asset class can take a lot more pain, says fund manager – CNET – ApparelGeek

Few assets have been immune to the financial market punches this year, and junk bonds have also been pretty, well, trashy. Since the beginning of the year, the SPDR Bloomberg High Yield Bond ETF JNK,-1.66%lost 16%, which is sure to be the worst performance since the 2008 financial crisis. Its spread to Treasuries has now … Read more