US Leveraged Loan Issuance Drought Is About to Set a Record

The US leveraged-loan market is on the cusp of its longest run without a deal launch since at least 2013.

If there’s no new deal unveiled by day’s end, Wednesday will be the 14th-straight session without one, according to data compiled by Bloomberg dating back over a decade. There was a 13-day streak in March 2020 as markets briefly went quiet at the start of the Covid-19 pandemic in the US.