Chart of the Week
Off Season
Second quarter non-sponsored loan volume was down 5% from the first quarter but off sharply from the second quarter last…
Read MoreHigher Ground
Monthly loan activity related to middle market buyouts has risen above the five year average for the first time in…
Read MoreSlow Flow
Loan volume for both sponsored and non-sponsored middle market transactions have generally slumped since 2014. Source: Thomson Reuters LPC
Read MoreSummer Slump
While last month’s loan volume seemed exceptionally slow, it was actually better than 2015’s level, and consistent with the past…
Read More(Not so) High Yield
Junk bond spreads have eased this year in the face of continued Fed liquidity and a benign default outlook. Source:…
Read MoreVertical Drop
More new middle market sponsored deals have been in healthcare this year than any other sector. Source: Thomson Reuters LPC
Read MoreSunken Pipe
The pipeline for large corporate institutional deals may finally catch up to last year’s levels, after being behind almost all…
Read MoreRate Race
With the Fed more likely to push rates in September, Libor rose more quickly last month than comparable Treasuries. Sources:…
Read MoreHalf Baked
Middle market sponsored volume for the first six months of 2016 was the lightest in seven years. Source: Thomson Reuters…
Read MoreRecap Evap
Thanks to continued concern about market volatility, dividend recap activity in the middle market has slowed to a crawl in…
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