August 2024 US Leveraged Loan Index Monthly Wrap

A wave of volatility hit the leveraged finance market in early August as investors pivoted away from risk assets and toward safe havens following the surprising jobs report that came in well below expectations, stoking growing concerns about the health of the US economy. Nonetheless, loans gained 0.63% for the month overall, representing an impressive recovery following the daily losses of 0.16% and 0.55% on Aug. 2 and Aug. 5, respectively.  Marina Lukatsky of Pitchbook LCD wrote this.

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