Secondary Market Monthly - October 2021 Executive Summary

While equities enjoyed a 7% “buy the dip” October rally, fixed income returns were far from stellar, with high-yield bond and 10-year treasury returns dropping into negative territory.According to the LSTA’s Ted Basta, October Loan Prices Pullback From 3-yr Highs.

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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”).