(Bloomberg) -- U.S. junk bonds have gained 15 percent in 2016, beating stocks and investment-grade corporate debt, according to data compiled by Bloomberg. Surging oil prices are easing concerns about drillers failing, which hurt speculative-grade bond prices earlier this year. The relatively strong returns for high-yield and high-grade corporate bonds are spurring some investors to lock in profits and dial down their risk.
To contact the reporter on this story: Harvard Zhang in New York at hzhang453@bloomberg.net. To contact the editors responsible for this story: Sophie Caronello at scaronello@bloomberg.net, Nabila Ahmed at nahmed54@bloomberg.net, Dan Wilchins
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