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 Trading & Settlement Monthly: January 2020 Executive Summary
On Monday, February 24, U.S. stock indices recorded their worst decline in two years on concerns the coronavirus outbreak would continue to spread and begin to undermine global economic growth. In the loan market, bid levels indiscriminately dropped 18 basis points to begin the week, which worsened February’s price decline to 32 basis points.
Secondary Market Monthly: January Executive Summary
Coming off a strong finish to 2019 where the S&P/LSTA Leveraged Loan Index (LLI) produced an eight-month best 1.1% return, the loan market began 2020 right where it left off – on fire. Through the first three weeks of the new year, prices in the secondary rallied more than 60 basis points as the lower-end of the market continued to catch a strong bid.
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.
LSTA Secondary Trade Settlement Study: Fourth Quarter 2019
This presentation is for the Fourth Quarter 2019 LSTA Secondary Trading & Settlement Study. Presented by Ted Basta, LSTA EVP –Analysis & Investor Strategy.