As Mexico’s economy rebounds from its biggest recession in almost a century, investors are piling back into the debt of the worst affected companies, in the worst affected industries, Bloomberg News reported. Defaulted bonds sold by hotel chain Grupo Posadas SAB, broadcaster TV Azteca SAB and flagship airline Grupo Aeromexico SAB are all among the top ten returning notes over the last three months, landing investors gains of at least 13%. Each company is benefiting from the turnaround of Mexico’s fortunes, driven mainly by an economic boom in the U.S., the nation’s biggest trading partner. The defaulted debts are spearheading a rebound across Mexican corporate bonds, which have returned 3.3% on average over the past three months, according to Bloomberg’s emerging-market bond index. That’s the fourth best return in the index, handily outstripping the 1.7% average gain. Read more.