Index Commentary (May 2023)

After rallying in April, the US secondary loan market retreated in May, as the Morningstar LSTA US Leveraged Loan Index lost 0.18%, its worst performance in eight months. As sentiment soured, pricing and documentation revisions in the new-issue market tilted toward lenders, while some transactions were downsized or pulled altogether. This analysis was written by Marina Lukatsky of Pitchbook|LCD.


Become a Member

Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.

View our Latest Member Spotlight

Our Partners

CUSIPDeal Catalyst transparent colourFitch Group logolseg_da_logo_hrz_rgb_posMorningstar