September marked the beginning of the Fed's rate-easing cycle, with its 50 basis point cut ending the two-and-a-half-year tightening regime during which rates surged at the fastest clip in decades.
Analysis & Data, Morningstar/LSTA Leveraged Loan Index publication
After a temporary setback in April, the “everything rally” intensified in May as risk assets surged on investor expectations that the Federal Reserve will achieve its aim of guiding the US economy to a soft landing. Marina Lukatsky of Pitchbook LCD wrote this.
Analysis & Data, Morningstar/LSTA Leveraged Loan Index publication
The US leveraged loan secondary market rally stalled in April as investors confronted a hawkish tilt in rate progressions and intensifying global conflicts.
Analysis & Data, Morningstar/LSTA Leveraged Loan Index publication
After rallying in April, the US secondary loan market retreated in May, as the Morningstar LSTA US Leveraged Loan Index lost 0.18%, its worst performance in eight months.
US leveraged loans rallied in April, propelling the Morningstar LSTA US Leveraged Loan Index to a solid 1.05% gain after a banking crisis-related dip in March.
Analysis & Data, Morningstar/LSTA Leveraged Loan Index publication
US leveraged loans posted their first loss in six months in March as heightened recession fears and a banking crisis derailed what had become a promising secondary ally.
Analysis & Data, Morningstar/LSTA Leveraged Loan Index publication
