U.S. Junk Bonds Are Clobbering Stocks in a Risk-On Year: Chartby
U.S. junk bonds have gained 15 percent in 2016, beating stocks and investment-grade corporate debt, according to data compiled by Bloomberg. Surging oil prices are easing concerns about drillers failing, which hurt speculative-grade bond prices earlier this year. The relatively strong returns for high-yield and high-grade corporate bonds are spurring some investors to lock in profits and dial down their risk.