U.S. Leveraged Loans Take Biggest Loss in 2019, Outperform Junk
- Loans still manage to top both junk bonds and equities in May
- The demand-supply backdrop is supportive for leveraged loans
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U.S. leveraged loans in May had their worst monthly performance since December yet still managed to do better than both junk bonds and equities.
The benchmark S&P/LSTA Total Return Index fell 0.22% in May versus a rise of 1.65% in April, and an increase of 0.17% in May 2018.