Review the supporting performance data, in these charts, for our BSL Market Monthly analyses of secondary loan market trends and issues.
Higher prices drove BSL returns in April, but weakness in software remains. For more details and insights, check out this month's analysis.
Despite a challenging backdrop, broadly syndicated loans (BSL) delivered a solid 5.9% in 2025, according to the Morningstar LSTA Leveraged Loan Index (LLI).
Review the supporting performance data, in these charts, for our BSL Market Monthly analyses of secondary loan market trends and issues.
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.
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.
Investors brushed aside geopolitical and tariff concerns in June, favoring risk assets in an overall supportive market environment.
Markets seized up in April, plummeting on the news that the Trump administration would apply higher-than-expected reciprocal tariffs across America’s largest trading partners.

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