NEW YORK ( TheStreet) -- High-yield, or junk, bond mutual funds are luring investors turning up their noses at skimpy yields on Treasuries and money markets.Junk corporate funds currently yield 7.5%, according to Morningstar. But for richer income, consider high-yield municipal funds, which yield 5.4% tax-free. That's the equivalent of a taxable bond yielding 8.3% for someone in the 35% tax bracket. In contrast, the 10-year Treasury yield fell to as low as 3.38% this month.
Best High-Yield Funds Tilt Toward Safe
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