Secondary Trading Monthly (August 2025)

While high-yield bonds and equities traded higher in August, the secondary loan market traded off for the first time since April. Despite the modest price pressure, monthly secondary loan trading volume declined 3% to $72.4 billion, the lowest monthly print since January. Even still, August volumes were up 8% year-on-year.

 

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Ted Basta

Executive Vice President of Market Analytics & Investor Strategy

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