Credit market commentary: April 2018
As interest rates rose, high yield bonds and senior secured loans outperformed more duration-sensitive asset classes.
Credit market commentary: March 2018
Benefiting from their floating rate coupon and position at the top of the capital structure, senior secured loan prices remained relatively steady in the face of rising short-end U.S. Treasury yields and a decline in U.S. equity prices.
Credit market commentary: February 2018
Investments with lower durations, such as senior secured loans, have outperformed so far in 2018 and may display lower levels of volatility if U.S. Treasury yields rise further.