By Charles Rotblut, CFA Income-oriented investors have yet another reason to be upset with the bond markets. Junk bond yields fell to a record low a few days ago and are staying near those levels. As of the evening of Wednesday, May 18, the Barclays U.S. Corporate High Yield index yielded a mere 6.68%, which isn’t much when you consider the risk of default. These low yields are just one sign of the bond market’s cheery mood. Corporations are finding plenty of buyers for their debt, and many offerings have been completed this week. Among the investment-grade companies selling bonds are…
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