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RESEND: Unpicking The Leveraged Loan Shock -.....>

US
US: RESEND: Unpicking The Leveraged Loan Shock
- The leveraged loan market has haemorrhaged capital since October, sparking
fears of an exodus from high-yield assets and intensifying speculation that the
US economy is entering the late-cycle stage.
- For the time being, however, we caution against overplaying the risk angle in
explaining the recent capital outflow from leveraged loans, given that the shift
in market policy rate expectations appears to have been the main trigger.
http://marketnews-m.objects.xtenit.com/MNI_-_Unpicking_The_Leveraged_Loan_Shock.
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