Investment Management

Senior Loan Talking Points

10/08/2017

Senior Loan Talking Points - Staying Keen on Loans

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

Demand from a variety of market participants drove a total return for the S&P/LSTA Leveraged Loan Index (“Index”) of 0.16% for the week. The average bid moved up seven basis points to end the week at 98.04.

09/29/2017

Senior Loan Talking Points - A Steady End to a Busy Quarter

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

Buoyed by healthy secondary trading activity, the S&P/LSTA Leveraged Loan Index (“Index”) posted a total return of 0.08% for the week. The average bid moved down one basis point to end the week at 97.97.

09/22/2017

Senior Loan Talking Points - M&A Picks Up

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

The loan market maintained its faster pace this week amid generally steady market technicals. S&P/LSTA Leveraged Loan Index (the “Index”) returned 0.13%, while the average bid for the asset class increased six basis points to 97.98.

09/17/2017

Senior Loan Talking Points - Picking Up the Pace

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

Loan market activity remained steady this week as business continued to pick up after the U.S. Labor Day holiday. The S&P/LSTA Leveraged Loan Index (the “Index”) gained 0.04%, while the average bid for the asset class slipped three bps, to 97.92.

09/08/2017

Senior Loan Talking Points - Back to Work

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

The loan market kicked back into gear this week after its late summer siesta and the U.S. Labor Day holiday. The S&P/LSTA Leveraged Loan Index (“Index”) posted a 0.11% return for the seven day period, and the average bid moved up three basis points to end the week at 97.95.

08/18/2017

Senior Loan Talking Points - Working for the Labor Day Weekend

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

While August is typically a slower month in the loan market, primary market activity was enough to put some downward pressure on the secondary market this week, as managers made room for new issues.

08/14/2017

Senior Loan Talking Points - Gearing Down…For Now

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

After the very active pace of the July, the US loan market pedaled into lower gear this week, in typical fashion for mid- August. The average bid within the S&P/LSTA Leveraged Loan Index (“the “Index”) slipped seven bps, to 98.24, contributing to a modest 2 bps loss for the Index for the week.

08/06/2017

Senior Loan Talking Points - Anticipating an Active August

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

The U.S. loan market this week had a busy and solid run amid a rush of new transactions representing both new money and opportunistic deals.

07/28/2017

Senior Loan Talking Points - Trending Tighter

By Jeff Bakalar, Managing Director and Group Head of the Senior Loan Group

The U.S. loan market this week saw continued tightening, dovetailing off of generally consistent investor demand and relatively low overall volatility.

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