Junk Bonds Are Big Winner a Decade After Financial Crisis

Commodities, oil, euro lost ground over past 10 years

If you’d bought European high-yield bonds the day the global financial crisis erupted, closed your eyes and held onto them through the unprecedented events of the following decade, you would now be sitting on a 100 percent return. On the other hand, if you’d put your money in major commodities, other than gold, you would have lost 50 percent. Most bond markets, U.S. stocks and the dollar would have been a good bet.

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