Index Monthly September 2020

Year-to-date returns in the U.S. leveraged loan market clawed their way back to positive territory in mid-September, for the first time since February, though the time spent in the black was short-lived. Loans, along with other risk assets, hit a bump in the road toward the end of last month, sending the S&P/LSTA Leveraged Loan Index back into the red for the year.

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Market Advisory on FIRPTA

The LSTA published a Market Advisory which discusses the implications of The Foreign Investment in Real Property Tax Act (“FIRPTA”).