Leverage the analysis we continuously aggregate from our members, coupled with our industry insights. We share a wide range of high-quality data and analysis, including 360-degree quantitative insights into the loan market’s performance and growth through trade data, settlement time statistics for par and distressed trades, shift dates, and more.
Intro to Syndicated Loans
A primer brought to you by S & P Global that dissects all aspects of syndicated loans.
Intro to the Market & Mechanics of Syndicated Loans
Syndicated Loans: The Market and the Mechanics, a primer created for the Loan Market participant.
Investing in U.S. Senior Secured Institutional Term Loans
The U.S. senior secured institutional term loan asset class provides a number of benefits to investors, including a floating-rate coupon, a large and liquid market, lower credit and interest-rate risk than high-yield bonds, and many ways to gain exposure.
Understanding the U.S. Senior Secured Loan Market
Investors in loans like their short duration, high position in the capital structure and their floating-rate attribute that has resulted in better returns than other fixed income instruments. LSTA Executive Director Bram Smith met with four leading loan market participants to discuss the current state of the market, the issues it faces, and how senior loans can enhance institutional portfolios.
Secondary Market Monthly (August 2023) *New*
Loans advanced in August for a third consecutive month, returning 1.17%, elevating the year-to-date return to a post-crisis best 9.11%, according to the Morningstar/LSTA Leveraged Loan Index (LLI). In contrast to earlier this year, loans have posted stable returns since June, anchored by progress on the inflation front combined with resilient economic growth.
Secondary Trading & Settlement Monthly - July 2023 Executive Summary
While prices in the secondary loan market continued their bullish push higher in July, secondary activity fell yet again. LSTA secondary loan trading volume declined 15% to an eight-month low of $51.4B in July, a worse decline than the year-over-year 11% figure.
Senior Loans: A Closer Look
Over the past three decades, the senior loan market has grown from relatively modest beginnings into an essential element of corporate finance, playing a core-plus role in institutional fixed-income allocations. In 2018, the S&P/LSTA Leveraged Loan Index, an indicator of market size, surpassed $1 trillion in outstandings.
Trade Data Study: Second Quarter 2023
The LSTA presents the results of the second quarter Secondary Trading & Settlement Study and discusses trends and analysis that will shape the direction of the market in 2023. Presented by Ted Basta, EVP of Market Analytics and Investor Strategy, and Hugo Pereira, VP of Analytics and Strategy of the LSTA.