If one (hyphenated) word described December 2018, it likely would be “risk-off”. As the first chart in LCD’s Quarterly Review demonstrates, the riskier the asset class, the more it traded down. To wit, in fourth quarter, equities were down 13.5%, HY bond returns were -4.6%, leveraged loans were down 3.5% and HG bonds edged into negative territory (-0.04%).
This week we cover 2017 Review and 2018 Preview
This is the 2015 Joint Statement published by the LSTA and LMA relating to the release of each Association’s Form of Contractual Recognition Provision.
Become a Member
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.