By Yoruk Bahceli

(Reuters] – The U.S. leveraged lending prices rose to the highest point since 2007. This is because investors bought assets that would compensate for central banks’ rate increases.

Many companies have leveraged loans. They are typically taken out by high-debt companies, often with poor credit ratings.

They pay an interest rate that is floating, unlike bonds. This makes them appealing to investors in a time where central banks are increasing their rates.

That has exacerbated the need to snap up assets that pay out as rates rise, sending the price of the S&P/LSTA Leveraged Loan Index to its highest levels since July 2007 at 99.066 at Wednesday’s close, according to data from Refinitiv and S&P Global (NYSE:)’s Leveraged Commentary and Data.

Refinitiv Lipper data shows that inflows to investors have increased with the loan fund inflows reaching $1.84 Billion for the week of January 12th. This is the highest level since 2013.

Federal Reserve officials signaled that the Federal Reserve will raise U.S. rates in March. Investors can expect four more rate hikes.