Secondary Trading Settlement Monthly August 2023 Executive Summary

A common theme has emerged across the secondary loan market this summer – prices rallying on very little trade activity.  Although LSTA secondary loan trading volume improved 6% to $54.4 billion in August, that figure came in historically light and followed July’s eight-month low reading of $51.4 billion.


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The End of the ARRC

The End of the ARRC! If the quasi-public sector body has wound itself down, that’s a good sign that we’re done with LIBOR transition.

Bye-Bye, BSBY

Bye Bye, BSBY” upon BISL’s announcement of BSBY’s future cessation.