The S&P/LSTA Leveraged Loan Index avoided its second straight month of red ink in August thanks to a late-month rally that came amid improving technical conditions in the loan market and more effusive investor sentiment across the broader capital markets. Thus, after the month’s return fell to negative 0.27% by Aug. 14, rising prices spurred the Index to a 0.15% gain by month-end, versus a 0.03% loss in July.

This analysis is part of an LCD News story, available to subscribers, that also details leveraged loan secondary prices, loan returns by rating, fund flows, outstandings, CLO issuance, returns by asset class, and big movers in the secondary market.