Secondary volumes down, prices up in Q4
Secondary trading volumes in the European loan market in the fourth quarter of 2010 were down 38.2% year-on-year to Eu14.75bn, according to a European loan volume survey carried out by Markit.
Although aggregate volume for 2010, at Eu71.6bn, was slightly larger than the total for 2009 Eu64.9bn quarterly volumes have decreased consecutively since the first quarter of 2010.
Market participants said that sovereign concerns in Europe had initially contributed to the decline in volumes."The drop in the ...