Leveraged Loan Insight & Analysis – 5/1/2023

US institutional primary yields widen to 10.26% in 2Q23TD


After plummeting in March, activity has picked up in the institutional market. However, issuers are facing higher yields on average so far this quarter. After a huge jump in 3Q22, average yields were relatively flat in the last two quarters, as higher base rates were compensated by tighter spreads and OIDs.