Mutual funds sell off lev loans as market prices in Fed rate cut

Mounting expectations that the US Federal Reserve could slash interest rates in 2019 is a prompting a new wave of redemptions among leveraged loan funds, similar to the selloff in the fourth quarter of last year that pushed CLO warehouses underwater and resulted in significant volatility through year end.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: