Since early 2014 high-yield default rates have more than doubled, while the same metric for loans remains below 1.5%. Source: Credit Suisse

Cash leaving loan funds has slowed, but still sees nine consecutive weeks of $4 billion outflows.

So far this year leveraged loans have managed to earn a 3% return – better than other investments, and with lower volatility. Source: Credit Suisse

Relative to the overall market, secondary trading prices of energy-related issuers have taken a hit in the face of sector concerns. Source: Thomson Reuters LPC

The high yield bond premium over Treasuries and volatility as measured by the VIX have proven to be highly correlated. Source: Bloomberg

Multiple factors including lower asset yields and slashed dividends have punished trading levels for public BDCs. BDC Price to Net Asset Value Source: Thomson Reuters LPC

For the first time in at least a decade, purchase price multiples for middle market buyouts have topped the metric of their broadly syndicated counterparts. LBO Purchase Price Multiples Source: Thomson Reuters LPC

One consequence of higher purchase price multiples is more cash equity as a share of buyout capital. Equity contribution for middle market institutional LBOs Source: Thomson Reuters LPC

Despite their reputation as riskier loans, dividends to sponsors have a 20-year history of lower defaults than the original buyout financings. Leveraged Loan Defaults by Purpose (1995-2014) Source: S&P Capital IQ

Seller friendly market conditions have spawned a revival of dividend recaps, though volume is still short of the comparable period two years ago.