- Leveraged loan volume in November of just $6.5B, according to numbers compiled by Bloomberg, is set to be the slowest since the financial system suffered cardiac arrest in 2008. This follows volume of $30B in October.
- Volume is plunging alongside prices, which fell more than 3% last month, forcing yields up to 6.2%, the highest in over two years. Regulators of late have also been taking a closer look at lending practices. Year-to-date, leveraged loan volume of $473B compares to about $700B for all of 2013.
- Leveraged loans have returned 2.4% YTD vs. 4.6% over the same period one year ago, and vs. the 4.1% of junk bonds. Also a change from previous years, investors are quickly pulling money out of leverage loan funds - $15.5B YTD against inflows of $62.9B a year ago.
- ETFs: BKLN, SRLN, SNLN, FTSL