FYI: Investors in debt from blue-chip U.S. companies are on track 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.
The surge comes as investors shy away from the riskiest assets amid global economic growth concerns and the U.S.-China trade war, while also seeking returns in a negative-yielding world.
Regards,
Ted
https://www.bloomberg.com//news/articles/2019-08-28/u-s-corporate-bonds-are-having-the-best-august-in-four-decades?srnd=markets-vp
