SLIDESHOW

Junk to the rescue

Speculative-grade bonds have been the answer for yield-starved investors in 2012. Some argue they’re becoming too risky and expensive, but issuers’ fundamentals appear strong.

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Top performers

The J.P. Morgan Global High Yield index returned 13.4% through Oct. 31, compared with 4.7% for the Barclays Capital Global Aggregate Total Return index.

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