NEW YORK, April 8 U.S. junk bond mutual funds reported $417 million of net inflows in the week ended April 7, following $297 million in inflows the previous week, LipperFMI reported on Thursday.
Junk bonds, which are rated below investment grade and pay higher yields to compensate for their risk, have returned 5.3 percent in the year to date, after earning more than 57 percent in 2009, their best-ever performance. (Reporting by Karen Brettell; Editing by Dan Grebler)
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A nation-wide bank strike in India hit the public transactions like cheque clearances and cash deposits, but the vital treasury operations including a 150 billion rupee ($2.24 billion) government bond auction are unlikely to be affected, traders said. Full Article