The securities that triggered the last financial meltdown are proving to be one of the best places to hide in this downturn.
Bonds backed by loans like auto and credit-card debt have gained 1.6 percent this year through Monday, according to Bloomberg Barclays indexes. Some portions of the market for repackaged debt are doing even better: bonds supported by home loans without government backing have gained more than 11 percent in 2018. Those are eye-popping returns after U.S. equities are on track to be down more than 10 percent.
