Secondary Market Monthly - November Executive Summary

Risk assets staged an impressive rally in November as news broke that a COVID-19 vaccine would soon be available in the United States. While equities posted massive double-digit November gains, the S&P/LSTA Leveraged Loan Index (LLI) returned a six-month best of 2.23%.


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NY State: Legislating LIBOR (Fallbacks)

Last week, the New York State 2022 budget was presented, and included the ARRC’s proposed LIBOR transition legislation (in Article 18-c). We describe the impact…