1H22 Leveraged volume down 31%; HY bonds off 75%,
institutional loans down 61%

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The US leveraged market dramatically slowed in 2Q22, completing just over US$292bn of loan and high yield bond volume to bring totals for the first half of the year to less than US$480bn, down 31% year over year. The lack of macro economic stability – including rising inflation, ongoing supply chain concerns, and growing fears – fuelled investor uncertainty and broad market repricing.