Secondary-Market-Monthly-August-2023-Executive-Summary

Loans advanced in August for a third consecutive month, returning 1.17%, elevating the year-to-date return to a post-crisis best 9.11%, according to the Morningstar/LSTA Leveraged Loan Index (LLI). In contrast to earlier this year, loans have posted stable returns since June, anchored by progress on the inflation front combined with resilient economic growth.

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