*S&P 500 index within striking distance of record. NEW YORK, April 2- U.S. It's a risk-on move, and we can see that in the equity market gains and in the continued desire to invest in corporate credit and high-yield bonds, " Matthew Duch, portfolio manager at Calvert Investment Management, Inc. in Bethesda, Maryland, said of Tuesday's price moves.
The Fed's monetary easing has caused a domino effect in the markets: As investors crowd into the riskier asset classes, they pull returns down, making it even harder to meet yield targets.