Forget LIBOR

Forget LIBOR, I have been using FCT as my proxy of the credit markets. Don't listen to the pollyana's on CNBC, the credit markets are worsening.

FCT -

First Trust/Four Corners Senior Floating Rate Income Fund II operates as a diversified and closed-end management investment company. The fund invests in a portfolio of senior secured floating rate corporate loans. Its investment portfolio includes investments in consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecommunication services, and utilities sectors.