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.