“Investors became so nervous in the past two months that they’re not willing to gamble on risky junk bonds anymore — despite the lucrative promise of high yields,” CNNMoney reported Monday.
Tilting to investment-grade corporate bonds rather than the high-yield sector is one step investors can take to protect their portfolios from a double-dip recession. [ETF Moves to Help Recession-Proof Your Portfolio]
SPDR Barclays High Yield Bond