128 days ago • Posted by William Ramstein

US leveraged loans are up in 2020

The S&P/LSTA Leveraged Loan Index gained 0.77% in the first seven weeks of the year, followed by an unprecedented 20.7% loss in the four weeks from Feb. 23 through March 23, at the onset of the coronavirus pandemic. After hitting bottom on March 23, however, the $1.2 trillion asset class has climbed steadily, gaining almost 29%. As a result, loans posted a 3.12% return for 2020 overall — an impressive achievement considering that the market was in the red for most of the year. - Marina Lukatsky (Market Intelligence)

Loans are back up