3min chapter

Money For the Rest of Us cover image

A "Safe" 6% Yield: The Case for Investment Grade CLOs

Money For the Rest of Us

CHAPTER

Investing in Leverage Loans

The base rate used has traditionally been LIBOR which stands for the London Interbank Offered Rate. Most leverage loans in the US about 78% are still tied to LIBOR. The main risk is default and prices falling, particularly heading into a recession. Now is a particularly dangerous time to be investing in leverage loans.

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