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Top links: High-yield corporate bonds get whacked

A roundup of what The Globe and Mail's market strategist Scott Barlow is reading this morning on the World Wide Web.

Weakening U.S. corporate debt markets forms the biggest risk for global equity markets. Thursday, the iShares IBOXX High-Yield Corporate Bond Fund dropped 0.7 per cent and fell through some important technical barriers. Selling in the sector has been intense. Bank of America reported the largest weekly outflow from U.S. high yield bond funds, $2.7-billion (U.S.) in over a year.