...Trailing 12-month (TTM) default rates for both leverage loans (LL) and high-yield (HY) bonds fell slightly lower in March as no new defaults were observed and several defaults fell outside the measurement period. The TTM measurement means a single March 2024 default for each of the LL and HY markets is no longer included on the lists, taking the loan default rate down to 1.0% from 1.5% in February 2025. This marks the sixth consecutive month in which the rate has not risen. The bond rate also fell, down to 3.7% from 4.0% in March....