Secondary market bids on U.S. leveraged loans have gained in July amid a notable improvement in institutional investor sentiment, after sliding dramatically in June, according to S&P Capital IQ/LCD. Indeed, the S&P/LSTA Leveraged Loan Index registered a 0.36% gain during the first 12 days of the month. That's short of the 0.59% loss seen in June, of course, but the turnaround in market is clear. The loss in June was the loan market's first month in the red since May 2012, by the way.
Secondary market bids on U.S. leveraged loans have gained in July amid a notable improvement in institutional investor sentiment, after sliding dramatically in June, according to S&P Capital IQ/LCD. Indeed, the S&P/LSTA Leveraged Loan Index registered a 0.36% gain during the first 12 days of the month. That's short of the 0.59% loss seen in June, of course, but the turnaround in market is clear. The loss in June was the loan market's first month in the red since May 2012, by the way.
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