Some investors are being driven to leveraged loans as the floating rate, secured assets are seen as a form of protection amid market volatility. The benchmark S&P/LSTA Leveraged Loan Index has gained 2.2 percent this year, while the Bloomberg Barclays U.S. Corporate High Yield Bond Index has returned just 0.3 percent. Priya Misra, head of global rates strategy at TD Securities, Bob Miller, head of U.S. multi-sector fixed income at BlackRock, and Mark Okada, co-founder and co-CIO at Highland Capital Management, join Bloomberg’s Jonathan Ferro to discuss leveraged loans and high-yield bonds. (Source: Bloomberg)
