The attached spreadsheet is for June 2019
While markets can turn on a dime, they can also turn on a tweet. President Trump tweeted on Sunday that starting this Friday the US would increase current, and apply new tariffs on Chinese goods if a trade deal could not be reached.
Three months into the new year, and loan returns have totaled an impressive 4%. But the 2019 loan market rally actually came to a screeching halt in late March when the Fed announced that rates would no longer be rising anytime soon. The result?
Two months into the New Year, loan returns have totaled 4.2% – the best start to a year since 2009. After returning 2.6% in January, the S&P/LSTA Leveraged Loan Index (LLI) returned 1.6% in February as prices continued to rally in the secondary.
This week we cover August MTM, July Trading, LIBOR Consulation and a Big Day at the SEC
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