19 Aug Voya Senior Loan Group – ‘Talking Points’ – Working for the Labor Day Weekend
Voya Senior Loan ‘Talking Points’ is a weekly publication from the Voya Senior Loan Team Heads, which provides key insights and results in the Senior Loan marketplace.
Working for The Labour Day Weekend
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. As a result, the S&P/LSTA Leveraged Loan Index posted a -0.07%, as the average bid moved down 13 basis points to end the week at 98.11. Returns by ratings cohort fell in line according to degree of risk.