Fixed income mutual fund managers and other investors are beginning to move out of Treasuries into higher-risk debt instruments, including junk bonds, and that is good news, BusinessWeek reports. While it may not immediately spur the economy, it is at least helping to change the highly risk-averse mindset of retail and institutional investors alike.

Investors are slowing taking on more risk, not because they are inherently more confident about the economy, but because they are beginning to realize they can’t find any returns in conservative investments, cash and Treasuries notwithstanding, said Jamie Jackson, a portfolio manager at Riversource Investments. Some of the highest-yielding junk bonds are paying as much as 18%.

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