US Leveraged Loans Poised for Rare Consecutive Monthly Losses
Pedestrians pass the New York Stock Exchange.
Photographer: Michael Nagle/BloombergUS leveraged loans are on track to post their first monthly losing streak since 2022, a rare slide for a market that had been benefiting from investor demand for floating-rate debt.
The sector has posted a 0.24% loss this month through Tuesday, according to the Bloomberg US Leveraged Loan Index, after declining 0.29% in March. The downturn, though, follows 21 consecutive months of gains during which the average return was 0.84%.