Share institutional term loans yielding less than 5% drops to 53% in 2Q17 from 68% in 1Q17

Primary yields, while still at low levels, have inched up so far in April. The average primary yield assuming a three year term to repayment on first-lien institutional tranches is 5.03% so far in April, up from 4.61% in 1Q17 but down about 50bp from 2Q16’s average.