After spiking in June – amid talk of tapering in the Fed’s bond buying program – yields on double B rated leveraged loans and high yield bonds have thinned. As of Nov. 21 the average BB new-issue yield was 3.78% for leveraged loans and 5.63% for high yield bonds. Theses averages include deals completed during the 30 days up to Nov. 21.
Double B new-issue yields: leveraged loans vs. high yield bonds
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