Aug
27
The Credit Market That Missed the Rout Because it Was on Holiday
ByWild swings in equity and credit prices had little impact on European leveraged loans as market participants remained on the beach during the holiday season. This has helped the market outperform the busier and more liquid U.S. market, which fell most days this month.
S&P’s European Leveraged Loan Index fell by less than 0.2 points on Monday, the same day that the Euro Stoxx 50 fell 5%, the S&P 500 dropped 4% and Markit’s iTraxx Crossover rose to the highest level this year. The S&P/LSTA U.S. Leveraged Loan 100 Index dropped 0.4%…
The Credit Market That Missed the Rout Because it Was on Holiday
