New buyers boost hopes for secondary loans

08 Sep 2008

Real money investors are shopping for bargains in the secondary leveraged loan market. That’s not sufficient for prices to recover in the short-term, but it’s a necessary, and welcome, first step on the road.

Signs of life are returning to the secondary leveraged loan market. After the quietist of summers in which trading volumes hit new lows, market players are finding that real money investors are returning to the market.

Hopes of a real recovery any time soon are still remote. The market ...

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