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  • 29/05/2018
    Fixed Income
    Emeric Chenebaux
    The leveraged loan market is catching up with the bond market: fuelled by demand for collateralised loan obligations (CLOs), it has expanded to $1tn and is now within $100bn of the US high-yield market[footnote]“At $1 trillion , leveraged loans are closing in on junk bonds,” published by Bloomberg on 3 May 2018[/footnote]. In this issue of Spectrum, we explain how leveraged loans can benefit a diversified portfolio of credit securities.