Investors are funneling funds into leveraged loans, raising risks by increasing incentives for borrowers to refinance.
By Sridhar Natarajan, Bloomberg|January 22, 2014 at 08:20 AM
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More speculative-grade U.S. loans are trading above par than at any time since May, exposing investors who are funneling record amounts of cash into the debt to greater risks as rising prices encourage borrowers to refinance at lower interest rates.
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