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Monday
Dec142009

Junk Bond ETF Makes New 2009 Highs

DateMonday, December 14, 2009 at 11:16AM

Along with the S&P 500, the junk bond market made new bull market highs as well today.  As shown below, the high yield bond ETF (HYG) had been trading in a very tight range over the past few weeks.  Last week it began to pick up, however, and today it broke out of its range to close at a new 2009 high.  With both stocks and junk bonds making new highs today, the bull market uptrend has been confirmed once again, paving the way for another leg higher.


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Hyg1214


 

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