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.
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