June 6 (Reuters) – U.S. high-yield bond funds enjoyed the biggest inflows of the year in May, driven by the allure of higher yields, potential for price appreciation amid anticipated Federal Reserve rate cuts, and diminishing corporate credit risks.

According to LSEG Lipper data, U.S. high-yield bond funds attracted $5 billion in inflows in May, the highest since December. From January to May this year, the total inflows reached $6.1 billion, marking the highest in three years.