Leveraged loans & HY bonds post gains
in secondary market to start 2023
Source: Debtwire Par
The new year kicked off with positive news from the Bureau of Labor Statistics, reporting on 6 January that the unemployment rate had fallen to 3.5% during December, and that 223,000 jobs were added to the workforce. Loans and bonds saw significant upswings in secondary market pricing leading up to the announcement, and continued to more upwards in anticipation of the Consumer Price Index reading on 12 January.