In recent months, thanks to market volatility caused by higher interest rates, toppy inflation, and the perceived higher probability of a recession, large cap loan prices have traded down sharply. S&P/LCD’s leveraged loan index has dropped from 98.5 in February to 92 last week…

▶︎ Read July 11 2022 newsletter: here

▶︎ Chart of the Week: here (by Refinitiv LPC)

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