Markit says U.S. leveraged loans index rose 0.3% in week of Feb. 27

By Sara Rosenberg

New York, March 5 - The Markit iBoxx USD Leveraged Loans index gained 0.3% in the week of Feb. 27, compared to a strengthening of 0.14% in the week of Feb. 20, according to data from Markit Group Ltd.

Meanwhile, the Markit iBoxx USD Liquid Leveraged Loans was better by 0.37% last week, versus a 0.19% improvement in the prior week.

Year to date, the Leveraged Loans index is up 3.05%, and the Liquid Leveraged Loans index has gained 3.72%.

The average bid in North America was 92.77, up from 92.62 in the week of Feb. 20.

"The market received a shot of confidence from LTRO," said Otis Casey, director and loan market analyst at Markit.

"In both North America and Europe, average bids for leveraged loans are at their highest since last August," Casey added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.