US Leveraged Loans Post Largest Monthly Return Since 2023
After a brief pause in its long-running rally, the Bloomberg US Leveraged Loan Index (Ticker: LOAN) advanced 1.53% in May, bringing its YTD return to 1.95%. The gain follows back-to-back losses in March (-0.29%) and April (-0.17%) and restores some momentum to a market that had previously logged 21 straight months of gains.
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