Seeking Alpha

The rout in junk bonds over the last 5 weeks is well known, but now leveraged loans (BKLN, SNLN)...

The rout in junk bonds over the last 5 weeks is well known, but now leveraged loans (BKLN, SNLN) have joined the tumble, notes Barclays. It suggests credit is becoming an issue along with higher rates as leveraged loans are floating rate and would seemingly be unaffected by rising Treasury yields. Also affected are short-term high-yield ETFs: HYS, SJNK.
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