U.S. secondary loan trading volume decreased 7% in February to $52.2 billion.  (Noting that January came in at a seven-month high of $56.3 billion).  The market has now traded north of $50 billion permonth during four of the previous five months (a seasonally low December broke the trend).  And over that period, an average of 465 loans traded each day with volumes totaling in excess of $2.7 billion per day.  During February, market breadth (the number of unique loans traded) remained robust at 1,465 loans traded – the fourth consecutive month north of 1,450 loans.