Surge in new collateralized loan obligations helps push prices to five-month high.

Surge in new collateralized loan obligations helps push prices to five-month high.

The casino company's sale of a minority interest sets the stage for a wider restructuring.

The casino company's sale of a minority interest sets the stage for a wider restructuring.

Investors are funneling funds into leveraged loans, raising risks by increasing incentives for borrowers to refinance.

Investors are funneling funds into leveraged loans, raising risks by increasing incentives for borrowers to refinance.

Many securities lack safeguards to allow creditors to sell debt back to issuer in case of a merger.

Financial institutions commercial paper shows smallest premium to bills since August.