Following two consecutive months in the red, secondary loan market prices finally caught a bid in July. As a result, the average bid level on the S&P/LSTA Leveraged Loan Index (LLI) increased 27 basis points, to 97.06.
| File | Secondary-Market-Monthly-July-Executive-Summary.pdf |
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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.
We all saw the increase in media coverage last year of the implications of ESG (Environmental, Social and Governance) factors in the financial markets and that trend seems to only be accelerating. About a year ago we started hearing directly from our buyside members that the number of ESG questions they were receiving from end […]
This document is blacklined against the January 10th Exposure Draft.
As highlighted in Nomura’s Special Topics on January 24th, basis risk has been on CLO managers’ (and equity holders’) minds. While the focus generally has been on one-month/three-month LIBOR basis, basis questions also have emerged in the SOFR space.
This spreadsheet is for the week ending January 24, 2020
This presentation was moderated by our very own Meredith Coffey and presented by Brian Battle of Performance Trust, Agha Mirza of CME and Jerome Schneider of PIMCO at the CFA Society Chicago
The Federal Reserve Board (the “Fed”) announced this week that it will meet on Thursday, January 30th, to consider a proposed rulemaking regarding the Volcker Rule.
This week we recap secondary trading for 2019, give an update on LIBOR transition in the U.K., and let you know that we’ve published a credit agreement for investment grade term loans.