US leveraged loans posted a steady if unspectacular month in May, with the Morningstar LSTA US Leveraged Loan Index gaining 0.51%.
US leveraged loans rebounded sharply in April, with the Morningstar LSTA US Leveraged Loan Index posting a 1.29% return.
Loans post first positive return of 2026, issuance remains light.
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In November, US leveraged loan market performance remained subdued, as the Morningstar LSTA US Leveraged Loan Index posted only a modest gain and secondary prices continued to drift lower.
Leveraged loans dipped in October amid retail outflows and AI weakness, but rising par-priced loans signaled improving technicals and renewed investor interest.
The US leveraged loan market stalled in August, with the Morningstar LSTA US Leveraged Loan Index returning 0.45% as secondary prices slipped and a more cautious tone emerged.
US leveraged loan prices continued to rise in July amid strengthening investor optimism. By mid-month, more than half of outstanding loans were priced at par or above — a clear signal of renewed market exuberance. This bullish backdrop was reinforced by a surge in CLO issuance and a rebound in loan repayments, both occurring alongside...
The US leveraged loan market returned 0.80% in June as prices continued to rally and risk appetite improved.
The US leveraged loan market posted a strong comeback in May, rising 1.55% — its best monthly return in 17 months.

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