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: January 2021 Executive Summary *NEW*
Loan prices in the secondary continued to strengthen in January after staging an impressive rally across November and December where bid levels surged by more than 300 bps (to an average just above 96). Most notably, after tacking on an additional 117 basis points since year-end, the market’s average bid level finally retraced its previous high of 97.35 established last January.
Secondary Trading & Settlement Monthly - December 2020 Executive Summary
LSTA secondary loan trading volume increased 4% to a record $772B in 2020. The COVID-19 induced price volatility of March went on to set the groundwork for a record year in trade activity and the storied V-shaped recovery in secondary prices that followed.
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 2020 *NEW*
This presentation is for the Fourth Quarter 2020 LSTA Secondary Trading & Settlement Study. Presented by Ted Basta, LSTA EVP –Analysis & Investor Strategy.