We discuss simple daily SOFR in arrears, the latest in the secondary market, a new LIBOR resource we’re providing, and some SOFR tools. We also provide an overview of the loan market holidays for 2019 reminder you to use the LSTA job board if you’re looking for a job or to fill a position on your staff.
This week, we focus just on one thing: A review of the key themes and takeaways from the LSTA’s 24th Annual Loan Market Conference. If you were one of the lucky 1,200 that joined us, this can bolster your notes. If you couldn’t join us, the newsletter provides the highlights. Finally, we would like to […]
This week, we start by discussing the bifurcating secondary market. (Hint: See the BB par-plus market share!) We then move to SOFR land, flagging both new tools (Averages! Indices! Simple Equations!) and proposed tax relief. Finally, we note that you might have seem some unfair allegations about loans and CLOs. Well, we just published a […]
This week, we start off pondering the August secondary slump (but console ourselves with the YTD 6.5% return). We then turn to CLOs by: 1) analyzing their ownership and runnability and 2) defending them in the press. And what’s a week without LIBOR? We end with the latest (accounting) hurdle to LIBOR transition being knocked […]
This week we cover Loans Tighter than Bonds?! Secondary Update; Bankruptcy in the Weeds; New LSTA Website!
This week we cover Trading Records; Loans as Securities?; LIBOR Progress; Systemic Risk & AAL Good Things
This week we cover LIBOR Fallbacks Out (and Analyzed)! Loan Fund Liquidity; Latam Finance; and Reps & Warranties
This week we cover Petsmart (Ruff!); Mnuchin & Loans; FYI on KYC; March Secondary; LIBOR Anniversary & ABA Recap
This week we cover 1Q19 US Loan Market Review & London Call Outs
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Membership in the LSTA offers numerous benefits and opportunities. Chief among them is the opportunity to participate in the decision making process that ultimately establishes loan market standards, develops market practices, and influences the market’s direction.