The LSTA presented the results of our 2019 Secondary Trading & Settlement Study and discussed key trends in the market. The study provided insight across key functional areas of the secondary loan market including trading, performance, settlements and more.

Topics included:

  • Performance & Return Analysis
  • Credit Trends & Supply/Demand Analysis
  • Trade Levels & Volatility Trends
  • Trading Volume and Liquidity Analysis
  • Trade Settlement Metrics
  • LSTA/Refinitiv MTM Price Accuracy Stats


Thursday, January 23, 2020
4PM to 4:30PM (ET)|Webcast Only
Presentation|Scroll Down to View


  • Ted Basta, EVP of Market Analytics and Investor Strategy, LSTA

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Search Results by Relevancy

Secondary Trading & Settlement Monthly January Summary

On Monday, February 24, U.S. stock indices recorded their worst decline in two years on concerns the coronavirus outbreak would continue to spread and begin to undermine global economic growth. In the loan market, bid levels indiscriminately dropped 18 basis points to begin the week, which worsened February’s price decline to 32 basis points.

LSTA Newsletter: February 21, 2020

This week, we start off in the markets, comparing defaults (low but rising), leverage (high but edging down), and yields (low and lowering). We move to LIBOR, announcing the new SOFR Index and Averages, and reminding members of our weekly call. We shift to the courts, providing an update on our Madden vs Midland amicus. […]

Market: Defaults, Structure & Pricing

Loan defaults climbed (slightly) this month and leveraged M&A structures have been more conservative in the last three months. These two facts likely are unrelated.