Returns on US leveraged loans and
HY bonds positive for second consecutive month

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Returns for US leveraged loans and high-yield bonds were positive for a second consecutive month in November, with loan returns higher MoM to 1.24% and high-yield bonds returning 1.87%. Year-to-date returns stand at -9.85% for high-yield bonds, with loans outperforming at -0.9%. Asset performance was driven by a risk-on environment across markets that propelled returns on US equities higher to 5.4% in the month.