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Bond market slump sends investors surging back into the riskiest debt: Billions in high-yield junk .
Investors shied away from high-yield bond funds during the first half of the year — even with its big surge, iShares' HYG is still experiencing negative flows overall for the year. The reluctance to invest in junk bonds came despite the category's outperformance relative to other bond sectors, and the fact that it has been one of the only bond sectors generating positive returns this year.