The Great Debate: High-Yield Versus Leveraged Loans

The video discusses the performance of high yield bonds and leveraged loans, highlighting the advantages and risks associated with each. It compares historical performances, particularly during the 2008 financial crisis, and suggests that emerging market local debt presents a significant investment opportunity. The discussion concludes with insights into current market trends and investment strategies.

What is the significance of the recovery rates mentioned in relation to loans?

According to the text, what investment opportunities are suggested beyond high yield and loans?