US loans face liquidity drain as investors fly to quality
February 08, 2019 at 11:55 AM EST
NEW YORK, Feb 8(LPC) - Nearly US$20bn of outflows from retail loan funds since late 2018 have drained liquidity out of the US leveraged loan market and are helping increasingly selective investors to demand better terms and pricing amid a rising supply of new loans, reversing the aggressive borrower-friendly market conditions of 2017 and 2018.