BGX - Leveraged Loans: Time To Get In Or Out?
Background
With the tightening monetary policy hurting stock (SPY, DIA, QQQ, IWM) and bond (LQD, AGG, BND, HYG, JNK, AWF) prices, there's one segment (among corporate loans) which is outperforming almost every asset class during this historically-turbulent month - leveraged loans (BKLN, SRLN, FTSL, SNLN).
First of all, what is a leveraged loan? This is a loan that is extended to (mostly) companies (but also individuals) that already have considerable amounts of debt and/or a poor credit history.