Leveraged Loan Insight & Analysis – 5/25/2020

Primary yields in the US institutional loan market tighten in May


After spiking in April, primary US institutional yields have tightened in May, but remain at very high levels. The average yield, assuming a three-year term to repayment on first-lien institutional term loans is 8.15% in May, down from 9.45% in April. That month, issuers that tapped the market were mainly seeking emergency funding.