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A Financial Times article reports that the high yield corporate bond asset class, which is comprised of speculative rated groups judged more likely to default

A Financial Times article reports that "the high yield corporate bond asset class, which is comprised of speculative rated groups judged more likely to default than their investmentgrade peers, recorded outflows of $2.8bn...[which] coincided with a jump in yields." This all takes place at the same time as "a selloff of US equities." a. (4 points) According to this article, what is happening to the supply and demand for funds in the high-yield corporate bond market?

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