Fred Meyer Inc., a Portland, Ore., grocery chain, is expected to sell a two-part, $1.5 billion junk bond deal this week, as the high-yield market continues to attract both issuers and investors.

Twenty-seven junk bond deals worth $4.6 billion were priced last week, according to Salomon Smith Barney, while $383.7 million flowed into high- yield mutual funds, according to AMG Data Services, Arcata, Calif.

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