http://www.bloomberg.com/apps/news?pid=20601087&sid=aP7bEr0Jt7DI&pos=5
“If you’re a high-yield bond investor, you can buy another new bond, but if you are a loan investor, you don’t have that option, you will need to reinvest in the secondary market,” said Alex Moss, a fund manager at Insight Investment Management in London.
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