US leveraged loans rallied in April, propelling the Morningstar LSTA US Leveraged Loan Index to a solid 1.05% gain after a banking crisis-related dip in March. A firmer tone in the secondary market fueled a modest resurgence of new-issue activity, and a few upsizing and reverse-flexes reflected solid investor demand. This analysis was written by Marina Lukatsky of Pitchbook|LCD.
Morningstar LSTA Leveraged Loan Index Analysis (Apr 2023)
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- Index-Commentary-April-2023.pdf 678 KB
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