美国高息债（HY）和杠杆贷款（LL）指数的业绩对比图。

U.S. Leveraged Loans Take Biggest Loss in 2019, Outperform Junk

Loans still manage to top both junk bonds and equities in May

The demand-supply backdrop is supportive for leveraged loans

By?Lisa Lee

(Bloomberg) –?

U.S. leveraged loans in May had their worst monthly performance since December yet still managed to do better than both junk bonds and equities.

The benchmark S&P/LSTA Total Return Index fell 0.22% in May versus a rise of 1.65% in April, and an increase of 0.17% in May 2018.

May was the second month of negative performance this year, as returns were down 0.17% in March.

That compares last month t