This week, we start off talking about how the secondary market is a tale of two months and one virus. We move on to happier news, with the announcement that Primary Delayed Comp cometh. We turn from PDC to plain old DC and discuss the SEC’s proposed adviser advertising rules, how they could inappropriately affect loan (and CLO) managers…and how the LSTA responded. Finally, don’t forget that we host a weekly Monday Q&A call for the LIBOR-curious.