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Markit Leveraged Loan Study 1Q09
Markit Leveraged Loan Study 1Q09
Markit Leveraged Loan Study 1Q09
94
85
76
Realized Gain
73 Return 0.084% 0.059% 0.128% 1.024% 1.213% 0.198%
70
08
09
08
8
8
8
09
8
07
08
08
09
8
9
-0
-0
-0
-0
l-0
0
0
-0
-0
Unrealized
-
b-
b-
-
n-
n-
n-
-
p-
-
ov
ay
pr
pr
ug
ct
ec
ar
ec
ar
Ju
Fe
Fe
Ju
Ja
Ja
Se
O
A
A
N
M
M
D
D
Gain Return -7.037% 5.148% -0.680% 0.450% 4.903% 7.994%
2 –Source: Markit
European Leveraged Loan Market
08
08
09
07
08
8
08
8
08
08
09
9
08
8
9
l- 0
t- 0
0
r- 0
r- 0
r -0
r -0
Unrealized
v-
n-
n-
c-
b-
n-
c-
b-
y-
g-
p-
Ju
Oc
Ap
No
Ap
De
De
Ja
Ja
Ma
Ma
Ma
Fe
Fe
Au
Ju
Se
3 –Source: Markit
Markit LCDX and LevX Snr Index Pricing Trends
81.0
79.0
77.0
75.0
73.0
71.0
69.0
67.0
65.0
9
09
09
09
9
09
09
09
09
09
09
-0
-0
-0
-0
-
-
-
r-
eb
eb
eb
eb
ar
ar
ar
ar
ar
pr
pr
pr
Ap
-M
-M
-M
M
-A
-A
-A
-F
-F
F
F
2-
9-
2-
9-
6-
16
23
16
23
30
13
20
27
LCDX LevX Snr
LCDX
The Markit LCDX Index consists of 100 reference entities which reference 1st lien loans listed on
the Markit Syndicated Secured list.
LevX Snr
The Markit iTraxx LevX Senior Series 4 Index comprises the 50 most liquid 1st lien credit
agreements traded in the European Leveraged Loan CDS market.
4
The information presented in this study is provided by Markit. The
study is comprised of data from Markit WSOData and Mark Loan
pricing services. The combination of these two data sets creates a
powerful and accurate look into both the US and European markets
(To find out more information about these services please go to
www.markit.com).