Markit says U.S. leveraged loans index rose 0.15% in week of Feb. 6

By Sara Rosenberg

New York, Feb. 13 - The Markit iBoxx USD Leveraged Loans index was up 0.15% for the week of Feb. 6, compared to 0.45% for the week of Jan. 30, according to data from Markit Group Ltd.

Meanwhile, the Markit iBoxx USD Liquid Leveraged Loans was up 0.03% last week, versus 0.44% in the Jan. 30 week.

Year to date, the Leveraged Loans index is up 2.63% and the Liquid Leveraged Loans index has gained 3.31%.

The average bid in North America was 92.60, compared to 92.47 in the prior week.

"We saw the market pull back on Friday, but it was a positive week for loans," said Otis Casey, director and loan market analyst at Markit.

"Average bids for loans in North America showed good strength, while in Europe bids held steady," Casey added.

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