Conditions in the US leveraged loan market worsened in March as sentiment soured due to tariff concerns, capital market volatility, weakening consumer confidence and a dimmer outlook for borrower fundamentals. The increased uncertainty, coupled with a sharp equity market sell-off, dampened loan investor demand and risk appetite just as the long-awaited net supply of leveraged loans materialized. With technical factors favoring lenders, credit spreads widened and repricings vanished.  Marina Lukatsky of Pitchbook LCD wrote this.