On Wednesday, October 30, 2019, the LSTA hosted its 24th Annual Loan Market Conference. In case you weren’t one of the lucky 1,200 attendees, we are providing a short summary in the LSTA Newsletter today, with links to the presentations and charts. Of course, we hope you can join us in person next year!
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This presentation is the for Third Quarter 2019 LSTA Secondary Trading & Settlement Study.
After recording a record high during the first quarter of this year ($212 billion), secondary loan trading volumes have steadily declined. Following second quarter’s 10% drop, third quarter activity fell an additional 14% to $165 billion. Third quarter’s tally was just 2% higher year-over-year.
Secondary loan trading volume fell 16% in August to a 14-month low of $51.4 billion. To put that figure in perspective, the last time volumes were below $60 billion was last September. But it wasn’t just the normal end of summer slowdown. August marked the fourth consecutive month where trade activity has stagnated; not rising above $61.3 billion. As a comparison, the market averaged over $68 billion of trading during the three prior months.
Secondary loan trading volume fell 16% in August to a 14-month low of $51.4 billion. To put that figure in perspective, the last time volumes were below $60 billion was last September. But it wasn’t just the normal end of summer slowdown.
Secondary loan trading volume totaled just north of $61 billion in July – a 10-month low. July marked the third consecutive month where volumes have stagnated; not rising above $61.3 billion per month. During the three months prior (February through April) the market averaged over $68 billion of trading. Of course, volumes usually taper off […]
After recording consecutive record highs during the fourth quarter of last year ($211 billion) and again during the first quarter of this year ($212 billion), secondary loan trading volumes decreased 10% in the second quarter, to $191 billion. Second quarter’s tally represented a 4% increase over the same time last year (which by the way, […]
This presentation is for the Second Quarter 2019 LSTA Secondary Trading & Settlement Study.
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