U.S. junk bond mutual funds saw a $565 million inflow in the week ended Wednesday, the largest inflow since October 2003, according to AMG Data Services. The inflow, reported late on Thursday, followed a $162 million outflow in the prior week. Junk bonds, which lack investment-grade ratings, suffered a sell-off in April and early May as the prospect of rising interest rates prompted profit-taking. The market has recovered in recent weeks, though, as cheaper prices attracted investors back to the market.

(Reuters)