Secondary Market Monthly - September 2023 Executive Summary

Loans were resilient across September, outperforming other asset classes and advancing for a fourth consecutive month. Bid levels increased 20 basis points in the month to an average of 95.6, the highest level since 2Q22, driving the month’s return to 0.96%, according to the Morningstar/LSTA Leveraged Loan Index (LLI).


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