October losses spook U.S. corporate bond investors

Newswire

By Dena Aubin NEW YORK, Oct 30 (Reuters) - A dismal month for mutual funds that invest in high-grade corporate bonds has prompted individual investors to trim their holdings for the first time this year, in yet one more sign of a bearish mood in the market. Despite a rebound in recent days, October has been a miserable month for corporate bondholders, who are nursing losses of 1.72 percent for the month, according to Merrill Lynch & Co. A fragile U.S. recovery, near-record pace of ...

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