(Bloomberg) -- The lowest-rated investment-grade bonds shrugged off fears of a huge wave of downgrades to junk, soaring to the best first quarter performance since 1995. Debt rated BBB has returned 5.8 percent through March 28, compared to a decline of 2.1 percent in the first quarter of 2018.
Read more: Once Hated, Now Loved: BBB Corporate Debt Is Back in Vogue
To contact the reporter on this story: James Crombie in New York at jcrombie8@bloomberg.net
To contact the editors responsible for this story: Shannon D. Harrington at sharrington6@bloomberg.net, Christopher DeReza
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