Bloomberg details the outperformance of high yield relative to equities: The worst performance by U.S. stocks compared with junk bonds since at least1986 is making investors even more bullish on equities. While owning debt in the riskiest companies has paid about the same as the Standard & Poor’s 500 Index over the last 23 years, bonds are returning more than twice as much in 2009, according to data compiled by Merrill Lynch & Co. and Bloomberg. When high-yield credit beat the S&P 5....
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