Investors in debt from blue-chip U.S. companies are on track for the best August in 37 years as corporate bonds benefit from the rally in Treasuries.
High-grade bonds returns stand at 3.3% so far this month, heading for the best August since 1982, according to data compiled by Bloomberg. This year, the bonds have gained the most of all major fixed-income assets with 14.1%. That’s the best return at this point of any year since 2009.
