US leveraged loans posted respectable gains in October as robust demand from both CLOs and retail investors fueled a rally in secondary prices. Although loan yields have now retreated to two-year lows thanks to repricings, refinancings and last month’s rate cut, they remain very attractive relative to historical norms. The constructive market tone continues to fuel loan issuance, leading to the most meaningful growth in market size seen all year.  Marina Lukatsky of Pitchbook LCD wrote this.