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Secondary Trading Monthly: June 2023

Following a strong start to the year, 2Q23 LSTA secondary loan trading volume fell 17% to $176B.  While a drop-off in second quarter trading activity…

3Q19 Secondary Trading Executive Summary

After recording a record high during the first quarter of this year ($212 billion), secondary loan trading volumes have steadily declined. Following second quarter’s 10%…

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The Kirschner Case: This is the End

The Supreme Court denied Kirschner's petition for certiorari, finally ending the case. As LSTA's Elliot Ganz explains, this cements that syndicated loans are not securities,…