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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Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.

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