Ford’s return to investment-grade status has pulled about $67 billion out of the junk-bond market

Ford Motor Co.’s return to the investment-grade market has removed billions of dollars from the high-yield market in a single day.

In total, about $67 billion of Ford Motor’s outstanding bonds are now investment grade, according to data solutions provider BondCliQ Media Services.

That comes after S&P Global Ratings upgraded Ford Motor Co.’s…