Attached is the July Executive Summary of the Secondary Market Monthly.
The S&P/LSTA Leveraged Loan index (LLI) has returned 5.7% at the half-way point of 2019 – giving way to the best start of a year since the famed loan market rally of 2009. But 2019’s gains have not been just a straight shot higher nor have they outdone those produced by any of the other major asset classes – from equities through treasuries.
Attached is the June Executive Summary of the Secondary Market Monthly
After averaging more than $68 billion during each of the previous three months, secondary loan trading volume decreased 10% in May, to an eight-month low of just $61 billion. Moreover, that three-month period had followed three record setting months (November through January), where volumes spiked to an average of $74 billion per month.
Attached is the May Executive Summary of the Secondary Market Monthly
Attached is the April 2019 Executive Summary for the Secondary Market Monthly
Attached is the March Executive Summary of the Secondary Market Monthly
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.
Attached is the February Executive Summary of the Secondary Market Monthly
January Executive Summary
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.