Secondary Market Monthly: July Executive Summary

Secondary Market Monthly - July Executive Summary

Loan prices in the secondary market continued to recover in July alongside other risk assets as volatility subsided.  The broader markets have now rallied for four consecutive months after falling precipitously in March.  In loan land, returns have softened since the height of the rally in April, when the S&P/LSTA Leveraged Loan Index (LLI) returned 4.5%.

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