TRLPC: Leveraged refinancing craters due to higher yields

NEW YORK, March 6 (Reuters) - Refinancing rates in the U.S. leveraged loan market are at their lowest point in six years as higher spreads and yields are deterring opportunistic borrowers from trying to cut borrowing costs. At $20 billion in the year to date, refinancing volume is a whopping 90 percent lower than the first quarter of 2014, according to Thomson Reuters LPC data.