Secondary loan trading volume declined 18% in 2Q 2026, as volatility subsided. Download the latest trade data study.
Secondary loan trading volume hit a record in 1Q 2026, LTM volumes now exceeding $1 trillion.  Download the latest trade data study.
According to LSTA’s Ted Basta, “Annual secondary loan trading activity totaled a record $971 billion, or 18% higher than 2022’s previous record of $824 billion and 2024’s $821 billion."
In our most recent trade data study, our EVP of market analytics discusses the factors influencing record trading volume for fourth quarter 2025.
LSTA presents the results of the second quarter Secondary Trading & Settlement Study.
The LSTA presents the results of the first quarter Secondary Trading & Settlement Study.
According the LSTA’s Ted Basta, 2024 annual secondary loan trading volume soared 15% to a near record $821.4 billion, the largest year-over-year increase in a decade. 2023 though, was an off-year as volumes fell 13% to a six-year low of $715 billion. Even still, 2024’s $821 billion in activity came in just $3 billion short
The LSTA presents the results of the fourth quarter Secondary Trading & Settlement Study.
This presentation was an afternoon webinar with market experts from Alcentra, BlackRock and Eaton Vance for a discussion on the performance related implications of COVID-19 on the loan market. This presentation was done by Ted Basta, EVP Analytics & Strategy, LSTA, Leland Hart, MD and CIO, Alcentra, Andrew Sveen, Co-Director of Floating-Rate Loans, Eaton Vance,...

Search LSTA