Entries tagged "loan markets"
The pall that descended over loan markets last August seems to be lifting. At least, that's the impression given by rising prices for secondary securities in leveraged finance markets. Standard & Poor's Leveraged Finance & Data unit calls the loan market "resurgent," as S&P's leveraged loan index registered a record monthly return of 3.7% in April. The index is still down 2.25% for the year, however. Market participants attribute the positive tone to a debt pipeline that has shrunk dramatically since the beginning of the year. S&P estimates that the pipeline of pending offerings and those still stuck on balance...
