Secondary-Trading-Settlement-Monthly-July-2021-Executive-Summary-1

As prices pulled back off their highs in July, LSTA secondary loan trading volume dipped 11% to an eight-month low of $62B.  This is hardly surprising, given the normal summertime slowdown we witness each year.  Further to that point, secondary trade activity has remained quite robust this year, as July activity represented a 20% increase over the same time last year.

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