![Secondary Market Monthly February 2024 Executive Summary](https://www.lsta.org/app/uploads/2024/03/Secondary-Market-Monthly-February-2024-Executive-Summary-1024x695.jpg)
Broadly syndicated loan (BSL) returns shrugged off a higher-than-expected inflation reading and increased to 0.91% in February, according to the Morningstar/LSTA Leveraged Loan Index (LLI). Despite the hiccup on the inflation front, the strong economy propelled the S&P 500 5.2% higher in February, while corporate bond performance was mixed in light of the uncertainty around interest rates: High-yield bonds returned 0.29% while investment-grade bonds declined 1.5%, according to the Bloomberg Indices.
File | Secondary-Market-Monthly-February-2024-Executive-Summary.pdf |
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