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Thursday
Oct272011

High Yield and Investment Grade Corporate Bond ETFs (HYG and LQD)

The stock market isn't the only asset class that has been on fire recently.  As shown below, corporate bonds -- both investment grade and junk -- have been soaring since the start of the month.  The investment grade corporate bond ETF (LQD) has just broken out to new multi-year highs today, while the high yield bond ETF (HYG) is getting close to breaking out after gaining 16% since October 4th.

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