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According to the article in the New York Times, in 2012, everyone has piled into the junk bond market. The article also observed, The average

According to the article in the New York Times, in 2012, everyone has piled into the junk bond market. The article also observed, The average yields on these bonds have dropped to 6.6%, hovering near a record low.

why did everyone pile into the junk market bond in 2012?

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