Secondary Trading Monthly (Mar 2025)

As volatility spiked and a wave of new loans broke for trading in March, secondary loan trading volume totaled a staggering $102 billion. Secondary activity was up 24% month-over-month and 45% over the $70 billion LTM average, according to the LSTA’s 1Q25 Secondary Trading & Settlement Data Study.

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  • Secondary-Trading-Settlement-Monthly-March-2025-Executive-Summary.pdf 156 KB

Ted Basta

Executive Vice President of Market Analytics & Investor Strategy

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