High-Yield and Bank Loan Outlook: Valuations Suggest Caution

Guggenheim Investments provides an outlook on the leveraged credit market. Although high-yield bonds and bank loans saw gains in Q3/16, several looming clouds — geopolitical uncertainty, typical fourth quarter volatility and banking sector trouble — may affect risk assets for the remainder of the year.

Fitch: U.S. Banks’ Leveraged Loan Role Shifts as Demand Grows

Healthy demand for leveraged loan exposure among large non-bank institutional investors has transformed the role played by U.S. banks in leveraged credit, according to Fitch Ratings.