“The Differences between Loans and Bonds: Are loans Distinct? The Lunch and Learn session was moderated by LSTA VP of Market Analytics and Strategy, Kenny Riaz, and featured resident LSTA loan experts Elliot Ganz and Ted Basta. The panel provided insights on the distinctions between high yield bonds and loans, focusing on the structural aspects, market fundamentals and technicals, along with key asset performance expectations to answer the question, “Are loans distinct?”