Investors find value in low-rated loans – The Wall Street Journal

Investors find value in low-rated loans – The Wall Street Journal

Investors who fear high stock valuations and falling bond prices are turning to an unexpected haven: corporate loans with crappy credit ratings. Loan prices have risen in recent sessions, even as stocks have pulled back, and a debt index has returned around 1% this year, far exceeding the 0.03% provided by bad bonds and the […]
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