Secondary Market Monthly - July 2021 Executive Summary

The secondary loan market took a step back in July, with prices retreating 34 basis points to an average bid level just north of 98.  In turn, the S&P/LSTA Leveraged Loan Index (LLI) reported a market value loss of 0.35% which drove the total return on the index to negative 0.01%.

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Market Advisory on FIRPTA

The LSTA published a Market Advisory which discusses the implications of The Foreign Investment in Real Property Tax Act (“FIRPTA”).