As deals get pulled from the market,
US institutional loan pipeline sinks under US$14bn

Chart

Behind a weakening primary loan market impacted by fears of the spread of coronavirus, the US institutional loan pipeline sank to US$13.7bn this week, the lowest level since the first week of the year. This week’s level is a far cry from the over US$90bn mark the pipeline reached the first week of February when borrowers were using favorable market conditions to reprice their loans at lower spreads.