"We're In Uncharted Territory": In Historic Milestone, Leveraged Loan Market Overtakes Junk Bonds
At the start of the month, we highlighted that the “incredibly shrinking junk bond spread” had just passed a historic landmark, when the Bloomberg Barclays U.S. Corporate High Yield index broke below the lowest spread since before the financial crisis, dipping to 309bps, the tightest level since late 2007. The key reason for this relentless […]
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