- Click here to access Bloomberg’s latest Global Leveraged Loan Index Report
The Bloomberg US Leveraged Loan Index (Ticker: LOAN) returned 0.61% in December, bringing its year-to-date return to 5.51%. Average secondary market prices on US leveraged loans were 96.93 on December 31st after gaining 18bps from the November 28th figure of 96.65.
While loans outperformed other US fixed income asset classes in December, they outperformed only floating rate notes for the year. The LOAN Index, the US HY, the US Aggregate and the US Floating Rate Notes [FRN] Index returned 0.61%, 0.57%, -0.15% and 0.39% respectively in December, and 5.51%, 8.62%, 7.30% and 5.12% in 2025.
European loans were also in the green this month, with the European Leveraged Loan Index (ELOAN) gaining 0.56% in December for an annual return of 4.61%.
Latest news
Concentrated Effort
The upper middle market tends to have clear favorite. Source: KBRA DLD Research
Middle market debt held by BDCs vs High yield vs Treasury yields
The blue line represents the current dividend yield of the VanEck BDC Income ETF (BIZD), which stood at 12%. The…
Business of Private Credit: Sectors and SIC Codes
We’ve spent the last few weeks covering the businesses of the core middle market. Does that same discipline hold when you move up market?