Guggenheim: Bank loans likely to remain in favor with investors

In its July outlook for high-yield bonds and bank loans, Guggenheim said interest-rate volatility is likely to continue to shape performance of the two asset classes over the near term. The recent backup in interest rates over the past few months, the firm says, is likely to be a catalyst for investors to hold floating rate bank loans over high-yield bonds. Bank loans rose 0.3% during the second quarter, while the high-yield index fell 1.4% during that period.