What a difference the prospect of rising rates has made. Investors withdrew $6.7 billion from US mutual funds investing in corporate bonds in the last week of September – the biggest weekly outflow since October 2008 and the second largest since records began in 1992.
The redemptions, which came after Federal Reserve chair Janet Yellen suggested the central bank would raise interest rates in December, may be a preview of what is to come when rates finally lift off.
"We've had a couple of opportu
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