LL vs HY Bonds
What is the difference between a Leveraged Loan and High Yield?
The guide https ://www.wallstreetprep.com/knowledge/ultimate-guide-t… states that "Speculative-grade loans are called “leveraged loans.” Speculative-grade bonds are called “junk” or “high yield” "
Google is providing me with nothing that actually distinguishes between the two.
Can a fellow peer help?
Thanks in advance
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