Junk bonds' fire is poised to fade

High-yield bonds have started 2013 much like they finished 2012 — on fire. But the rapid march is making fund managers and analysts wary

Junk bonds started 2013 much like they finished 2012 — on fire.

In just three trading days this year, bonds of low-rated companies delivered returns of almost three-quarters of a percent, even as most other types of bonds lost value.

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