Secondary loan market continues to grind higher
Source: Debtwire Par, Markit
The secondary loan market continues to grind higher, adding over 2 points in the last week to reach an average bid of 85.26 (as of April 14), and is now up 9 points from its March 23 low. Despite the recent rebound, prices are still down 11 points from late February when the COVID-19 pandemic first started to impact the market.