U.S. leveraged loans clock in best quarter since 2010

Apr. 01, 2019 4:07 PM ETOXLC, BKLN, ECC, BRW, EFR, BGB, VVR, NSL, BGX, PHD, FSLFBy: Liz Kiesche, SA News Editor26 Comments
  • U.S. leveraged loans posted returns of ~4% in Q1, its best quarter since 2010, even though March's performance lost some luster, Bloomberg reports.
  • The asset class trailed both investment-grade and high-yield bonds during the quarter.
  • Most of the quarter's gains came in January as leveraged loans rebounded from a steep decline in December. Then gains moderated as the Fed's increasingly dovish tone turned investors away from floating-rate leveraged loans, which are used as a hedge against rising rates.
  • ETFs: OXLC, BKLN, ECC, PPR, EFR, BGB, VVR, NSL, BGX, PHD, TSLF
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