Loan prices rebounded in July following June’s short-lived retreat, pushing higher amid improving technical conditions and brighter investor sentiment. As a result, S&P/LSTA Index returns climbed to a six-month high of 0.99% in July, compared to a 0.59% loss in June, which was the first month of red ink for the Index since May 2012.

The Leveraged Loan 100, detailed above, is designed to reflect the largest facilities in the leveraged loan market. It mirrors the market-weighted performance of the largest institutional leveraged loans based upon market weightings, spreads and interest payments.