A cautious backdrop for risk assets in November led to a modest 0.36% return for broadly syndicated loans (BSL), according to the Morningstar/LSTA Leveraged Loan Index (LLI).
Analysis & Data, BSL Market Monthly publication and charts
According to LSTA’s Ted Basta, “As loan prices traded off and index returns sank to a six-month low in October, LSTA secondary loan trading volume surged 25% to $95.1 billion.
According to LSTA’s Ted Basta, “As loan prices traded off and index returns sank to a six-month low in October, LSTA secondary loan trading volume surged 25% to $95.1 billion – the fourth highest monthly print on record. Incredibly, three of the four busiest months in the secondary have occurred in 2025.”
According to LSTA’s Ted Basta, “Following a record setting run across 1H25 that included the two busiest quarters ever on loan trading desks, 3Q25 loan trading volume fell 18% to $233 billion.
