Junk Bonds Back from the Dead (ETF-HYG)

Junk bonds have come back from the dead — and then some. Of all the asset classes, you’d think the market for debt from financially fragile companies wouldn’t fare well during a “credit crisis.” In fact, we’d suspect it would be one of the last asset classes to recover. But no, anything is possible in 2009… Check the chart of HYG, an ETF that tracks the “distressed debt” market.

Full Story:  http://dailyreckoning.com/junk-bonds-back-from-the-dead/