PowerShares Fundamental High Yield Corporate Bond Portfolio (NYSEArca: PHB) logged redemptions of 1.6 million shares on Tuesday of last week valued at $29.5 million. [Junk Bond ETF Sees Big Outflow]
In contrast, the scramble for safety pushed the benchmark 10-year Treasury yields below 1.5%. The 10-year yields now sit at around 1.6%.
SPDR Barclays Capital High Yield Bond ETF
For more information on high-yield debt, visit our high-yield bonds category.
Max Chen contributed to this article.