Senior Loan Talking Points

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In an eventful week in which the Fed raised interest rates by 50 bps, the loan market was not immune to the continued selling pressure and negative sentiment that has plagued performance in other assets for virtually the entirety of the year. The S&P/LSTA Leveraged Loan Index (the “Index”) lost 43 bps for the seven-day period ended May 5, pushing the YTD return into the red (-0.24%), as the average Index bid price declined by 51 bps, to 97.08.