Salient to Investors:

EPFR Global report junk-bond funds saw inflows of $3.63 billion last week, the biggest rise since the week ended  Oct. 26 2011 – Junk ETFs accounted for 40 percent of all U.S. flows.

Matthew Tucker at BlackRock said more institutional investors are buying ETFs causing a scarcity of bonds. Most bond proceeds are for paying off existing debt.

Bank of America Merrill Lynch report junk bond yields at a record 6.95 percent on Sept. 19.

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