Key Takeaways From Bloomberg Leveraged Loans Conference: TOPLive

Here are the key takeaways from the Bloomberg U.S. Leveraged Loans Virtual Conference Wednesday. click here for the TOPLive blog.

• Rapidly rising rates make loans one of the most defensive places to put money. Unlike bonds, they don’t suffer from duration, and investors will get more interest as benchmarks rise -- namely Libor and SOFR.
• The broadly syndicated leveraged loan market is converging with the direct lending market. Sell-side firms now see themselves providing a “menu” of options to cater to the needs of each specific borrower. This leads to more competition for banks, but also the opportunity to work ...