Data & Analysis

Leverage the analysis we continuously aggregate from our members, coupled with our industry insights. We share a wide range of high-quality data and analysis, including 360-degree quantitative insights into the loan market’s performance and growth through trade data, settlement time statistics for par and distressed trades, shift dates, and more.

Level 1

LSTA University Level 1
  • Intro to Syndicated Loans

    A primer brought to you by S & P Global that dissects all aspects of syndicated loans.

  • Intro to the Market & Mechanics of Syndicated Loans

    Syndicated Loans: The Market and the Mechanics, a primer created for the Loan Market participant.

  • Investing in U.S. Senior Secured Institutional Term Loans

    The U.S. senior secured institutional term loan asset class provides a number of benefits to investors, including a floating-rate coupon, a large and liquid market, lower credit and interest-rate risk than high-yield bonds, and many ways to gain exposure.

  • Understanding the U.S. Senior Secured Loan Market

    Investors in loans like their short duration, high position in the capital structure and their floating-rate attribute that has resulted in better returns than other fixed income instruments. LSTA Executive Director Bram Smith met with four leading loan market participants to discuss the current state of the market, the issues it faces, and how senior loans can enhance institutional portfolios.

Level 2

LSTA University Level 2
  • Secondary Market Monthly (Apr 2024)

    The Federal Reserve paused interest rate cuts after elevated inflation readings caused market recalibration. April saw the S&P 500 drop 4.16%, its first negative return in 6 months. Investment-Grade and High-Yield Bonds were also set back, declining by 2.54% and 0.94%, respectively. Returns for broadly syndicated leveraged loans (BSL) hit their lowest level since October at 0.60%. Year-to-date, BSL returns stand at 3.07%, trailing the S&P 500’s 5.57% return but ahead of the HY market’s 0.52% return.

  • Secondary Trading & Settlement Monthly (Apr 2024) *New*

    LSTA Secondary loan trading volume remained elevated in April, at a 14-month best $72.5 billion. April marked the fourth month in a row where volumes increased. And while secondary activity improved by less than 1% over March, we just witnessed the strongest two-month stretch in over two years. Better still, daily trading activity has averaged $3.5 billion this year, an increase of 6% over the same time last year, and a staggering 15% improvement over the last twelve months.

Level 3

LSTA University Level 3
  • Senior Loans: A Closer Look

    Over the past three decades, the senior loan market has grown  from relatively modest beginnings into an essential element of corporate finance, playing a core-plus role in institutional fixed-income allocations.  In 2018, the S&P/LSTA Leveraged Loan Index, an indicator of market size, surpassed $1 trillion in outstandings.

  • Trade Data Study: First Quarter 2024 *New*

    The LSTA presents the results of the first quarter Secondary Trading & Settlement Study.  Presented by Ted Basta, EVP of Market Analytics and Investor Strategy, and Hugo Pereira, VP of Analytics and Strategy of the LSTA.

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