Debtwire Middle-Market – 11/16/2020

Vaccine hope and election results
impact the secondary markets


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Source: Debtwire Par

Leveraged loan and high yield bond secondary markets saw an uptick in volatility ahead of the US General Election, with term loans posting a 61bps decline in weighted average bids in the 26 October to 2 November time frame and high yield bonds losing roughly 100bps over the same period.

This trend was reversed as optimism took hold of markets following Election Day in the US,