The US Junk-Bond Funds had the biggest outflow in over a year

Funds that invest in US corporate high-yield notes saw the biggest outflow in more than a year. Federal Reserve’s hawkish approach to inflation makes investors wary. US junk-bond funds have seen the largest outflow since May 2013. US corporate bond funds have been in the red for more than two years.

Funds that invest in US corporate high-yield notes saw the biggest outflow in more than a year. Federal Reserve’s hawkish approach to inflation makes investors wary. Investors withdrew $3.75 billion in US junk bond funds, down from $2.2 billion.