Bonds gain ground

With the obvious pushback among leveraged loan investors, the high-yield market could be set for a revival of sorts, as borrowers assess an increased range of debt-financing options. Not only are issuers redeploying covenants in loan agreements, they are also being enticed back into high-yield debt, which had previously lost some volume to the white-hot loan market. Joy Ferguson and Timothy Sifert report.

Financial Services