Secondary high grade loan prices grind tighter

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By Mike Turner
28 Oct 2019

Secondary prices for investment grade loans have come in by around 10bp at short tenors and roughly 15bp further along the maturity curve in the last month, according to IHS Markit.

The average secondary price for loans rated A to BBB at one year was Libor minus 44.59bp on Monday, down from 35.34bp inside Libor a month ago. 

At the longest end of the data analysed by IHS Markit, the average secondary spread of 10 year loans in that credit ...

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