Leveraged Loan Market Update (S&P LCD Analysis, 11/5/2010)

Below is an update on the leveraged loan market by S&P LCD for November. It was posted on 11/5/2010. The S&P/LSTA U.S. Leveraged Loan 100 index is around the April high (92.39), new-issue clearing yields were at a 5-month low in October (6.7%) and the default rate was at a 22-month low (2.3%). Loan players expect new-issue yields to "grind tighter" but "accounts are eyeing 2012-2013 with caution". View the video and chart after the jump.

The S&P/LSTA U.S. Leveraged Loan 100
Source: Bloomberg.com (SPBDLLB)