Broadly syndicated loans (BSL) posted their first positive return of the year in March, despite market volatility and growing concerns about economic growth.
Despite a challenging backdrop, broadly syndicated loans (BSL) delivered a solid 5.9% in 2025, according to the Morningstar LSTA Leveraged Loan Index (LLI).
Analysis & Data, BSL Market Monthly publication and charts
Concerns over the health of the economy pushed returns on broadly syndicated loans (BSL) lower to 0.45% in August, according to the Morningstar LSTA Leveraged Loan Index (LLI), amid a pull back from the April-to-July period, when loan prices rallied 3 points after falling sharply on April 2nd on the administration’s tariff announcement. In sum,...
The market continued to tilt in favor of borrowers in July, leading to a record level of activity in the primary market driven by repricings, even as M&A remained elusive.
Geopolitical tensions, a looming trade war, and frothy market levels combined to put investors on edge in February. The S&P 500 dropped 1.3% while U.S. high-yield bond returns fell to 0.67%, from 1.37% the previous month, according to the Bloomberg U.S. Corporate High Yield Index. In the broadly syndicated loan (BSL) market, total return shrank...
The new year brought a change to Washington with the inauguration of a new president intent on disrupting business as usual and investors attuned to the accompanying risk and opportunity. But in the loan market, however, it was more of the same: a technical imbalance with new loan supply falling short of high demand from...
The Federal Reserve cut interest rates in September for the first time this cycle, a watershed moment that had been anticipated for some time and a recalibration to monetary policy from fighting inflation to preserving economic growth. The impact of the Fed’s action to corporate credit was felt across the third quarter, when returns for...
With private loan market investors less versed in loans than those who invest in the broadly syndicated market, more and more operations professionals are needed to bridge the gap.
