Secondary Market Monthly – February 2023 Executive Summary

Secondary Market Monthly - February 2023 Executive Summary

Following a momentous start to the year across most asset classes, investors were aggressively “selling the rally” by the end of February. In loan land, secondary prices began to pull back from their recent highs in mid-February, ending a 56-day streak of positive returns in the Morningstar/LSTA Leveraged Loan Index (LLI).

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