Index Commentary - March 2023

US leveraged loans posted their first loss in six months in March as heightened recession fears and a banking crisis derailed what had become a promising secondary ally. As volatility spiked, loan issuance stalled, with several prospective borrowers shelving deals, shutting the briefly opened window to address looming maturities. This analysis was written by Marina Lukatsky.


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The End of the ARRC

The End of the ARRC! If the quasi-public sector body has wound itself down, that’s a good sign that we’re done with LIBOR transition.