Tech selloff makes waves in leveraged loan market
The percentage of tech loans trading above par in the secondary loan market plummeted from a high of 47% on 14 January to just 13% on 30 January, according to Markit data compiled by Debtwire. While the rest of the market initially rebounded nearly 10% after the drop in mid-February before falling again towards the end of the month, tech loans have flatlined since falling and are still hovering around 12%.
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