Leveraged Loan Insight & Analysis -9/26/2016

The secondary market has continued to climb as the combined impact of robust demand for paper and the lack of sufficient net new deal flow puts upward pressure on loan bids. Steady CLO issuance and money entering retail funds have provided the impetus on the demand side. Month to date CLO issuance is at $7.1 billion, the highest monthly figure this year. Retail loan funds have turned