After recording consecutive record highs during the fourth quarter of last year ($211 billion) and again during the first quarter of this year ($212 billion), secondary loan trading volumes decreased 10% in the second quarter, to $191 billion. Second quarter’s tally represented a 4% increase over the same time last year (which by the way, was the first time trade activity exceeded $180 billion).
Talk about starting the year off with a bang. Secondary loan trading volumes increased 9% in January to $76.1 billion as prices rebounded in the secondary and the S&P/LSTA Leveraged Loan Index (LLI) returned a whopping 2.55%. January marked the second time in the last three months that trading activity hit a fresh all-time high – the other being November at $74.9 billion. And across the previous three months, market breadth remained robust with an average of 1,465 individual loans traded per month.
This week we cover Webinar December, LIBOR Consultation Ends, GAAP Accounting Changes and Trading Review
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