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2015-10-31 21:22:30 The ●●●●●●r ●●●●●●x ●●●●●●ers On one side of the bond ●●●●●●um you have ●●●●●●ment grade with very low ●●●●●●●●●●●●s of ●●●●●●t. In the ●●●●●●ate world, these ●●●●●●s are large ●●●●●●ies with ●●●●●● cash flow and ●●●●●● ●●●●●● of not being able to make their ●●●●●●st ●●●●●●ts each month. On the other side you have high yield with much ●●●●●● rates of ●●●●●●t. While bank loans are ●●●●●● to high yield bonds in terms of ●●●●●● risk, they have a ●●●●●● ●●●●●●e which ●●●●●●s in much ●●●●●● ●●●●●●ry rates. H●●●●●● of bank loans are the first group of ●●●●●● to get paid if the ●●●●●●er goes ●●●●●●pt ●●●●●●e the loan is ●●●●●● by ●●●●●●y ●●●●●●. Bank loans get an extra layer of ●●●●●●tion not ●●●●●●d by high yield debt ●●●●●●e of their ●●●●●●ity in line to get some of their money back. |