Following record-breaking trading volumes in 2025 ($971 billion, up 18%), secondary loan trading surged to a quarterly high of $288 billion in 1Q 2026, according to the LSTA’s 1Q26 Secondary Trading Study. This momentum marked a watershed moment for the broadly syndicated loan market, with secondary trading volume over the past twelve months surpassing $1 trillion for the first time.  Download the study to learn more.