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Why The Lowest-Rated Junk Bonds Are Outperforming Their Peers

TedTed
in The Bullpen
FYI: CCC-rated bonds have outperformed BB-rated debt this year.
When the stock market and high-yield debt came under pressure earlier this year, investors noticed a curious phenomenon in the junk-bond universe—the lowest-rated bonds outperformed their highest-rated peers.
Regards,
Ted
https://www.marketwatch.com/story/why-the-lowest-rated-junk-bonds-are-outperforming-their-peers-2018-03-19/print
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