Bond buyers left bemoaning 13% returns after oil's wild year

Washington

LAST year, the biggest winners in the high-yield bond market were investors who eked out any positive gains. This year, even returns of 15 per cent aren't enough to make the top rank.

Blame commodities. Even investors who notched double-digit returns wound up trailing their benchmarks because they failed to take a chance on enough beaten-up energy and mining company bonds at the February b…