Leveraged-Loan Prices Tumble as Investors Pull Cash
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U.S. leveraged-loan prices dropped to a more than two-year low as investors extended a record streak of withdrawals from funds that buy the debt.
Loan prices fell to 95 cents on the dollar, the lowest since August 2012, according to the Standard & Poor’s/LSTA U.S. Leveraged Loan 100 Index.