Bloomberg
Many investors dumped US junk bonds and leveraged loans by pulling cash from exchange-traded funds. Some traders also looked to hedge risk in the US high-yield bond market with put options on ETFs, which would rise in value if markets deteriorated.
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Junk bonds suffer worst rout since 2020 with US hit hardest
Bloomberg
08:21
Many investors dumped US junk bonds and leveraged loans by pulling cash from exchange-traded funds. Some traders also looked to hedge risk in the US high-yield bond market with put options on ETFs, which would rise in value if markets deteriorated.
