Blackrock Corporate High Yield MUTF (BHYSX) Tests Long-Term Support

The daily chart below shows that the $15 billion total asset BHYSX appears to have successfully tested dual long-term support lines.

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While the weekly chart below shows that BHYSX is essentially at long-term support (but the week is not over).

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Financial Disclosure:
The author/publisher has positions in several corporate high yield bond mutual funds at the time this article was written