Click here to access Bloomberg’s latest Global Leveraged Loan Index Report
The Bloomberg US Leveraged Loan Index (Ticker: LOAN) returned 0.32% in August, bringing its year-to-date return to 4.00%. Average secondary market prices on US leveraged loans were 96.92 on September 9th after declining slightly from a July 23rd peak of 97.25.
US loans underperformed other US fixed income asset classes including US HY (1.25%), US Aggregate (1.20%) as well as US Floating Rate Notes [FRN] (0.44%) this month.
Both US and European loan markets posted positive monthly returns, with the European Leveraged Loan Index (ELOAN) posting a 0.16% gain in August for a YTD return of 3.30%.
Contacts:
Vincent Daigger
vdaigger@bloomberg.net
Jasvinder Singh
jsingh26@bloomberg.net
Latest news
Lack of new issues clouds CLO market
It’s been boom time in the leveraged loan market but now that market has eased off, what are the implications…
Multiples on PE buyouts
This quarter marks our integration of SPI by StepStone as the primary source for US buyout valuation metrics for the PE Breakdown.
US Leveraged Loan Issuance Slows to $76.5b in July
The US leveraged loan market has continued to slow from the May level of $104.7b, with approximately $76.5b priced in…