Concerns have been heightened by the wild swings in market interest rates since the collapse of Silicon Valley Bank (SIVB.O) last week. Fund managers advise shunning high-yield bonds, despite their attractive yields, because of the risk these bonds could be hit by ratings downgrades, defaults and a squeeze in company earnings. Refinitiv Lipper data showed high-yield bond funds, after seeing an inflow of $7.63 billion in January, faced an outflow of $11.51 billion in February. Reuters GraphicsSo far this month, high-yield bond exchange-traded funds (ETFs) have seen a total outflow of $506 million. However, safer money market funds have attracted $28.76 billion, and government bond funds have seen an inflow of $15.52 billion since February.

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