Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S. (Photographer: Scott Eells/Bloomberg)
Junk-Bond Buyers Head for Hills, Pulling $4.9 Billion From Funds
(Bloomberg) -- Investors pulled $4.9 billion from U.S. funds that buy speculative-grade debt during the past week amid a global sell-off in stocks, rising interest rates and tensions over trade.