Weekly Trade Round Up
Trading in the secondary loan market mirrored the descent of the stock market this afternoon, resulting in a half-a-point to one point dip; Ford Motor Co.’s term loan hit the 86 range for the first time Tuesday and was trading at about 86 3/4 - 87 3/4 this afternoon; And the newly bankrupt names trading in the secondary loan market are taking a back seat to performing companies with low credit ratings, according to distressed loan traders.
Secondary Loans, LCDS Down Overall
Trading in the secondary loan market mirrored the descent of the stock marketthis afternoon, resulting in a half-a-point to one point dip. The LCDX spiraled this week as well.
The LCDX was trading at 93.49 at midday today, having closed at 93.50 yesterday evening.
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