FS credit market commentary

MARCH: HY Bonds and Senior Secured Loans each endured their worst month since 2008, ending down -11.76% and -12.37%, respectively, as the global rout in risk assets continued | Historically, credit markets have been resilient, performing well following sell-offs and rewarding investors for buying in at or near current spread levels
See more

FS credit market commentary

FEBRUARY: The last week of February saw a global sell-off in risk assets as markets reacted to news of the coronavirus | Leveraged credit markets slid alongside a steeper drop in equities | The Barclays Agg benefited from its long duration, returning 1.80% as rates hit all-time lows during the month
See more

FS credit market commentary

JANUARY: January was a mixed month for leveraged credit | HY Bonds ended January flat while Senior Secured Loans returned 0.56% | The duration-sensitive Barclays Agg rallied as rates fell over 40 bps over the course of the month.
See more

FS credit market commentary

DECEMBER: December was a strong month for leveraged credit, with HY Bonds and Senior Secured Loans posting returns of 2.09% and 1.60%, respectively | The duration-sensitive Barclays Agg ended down slightly on the month
See more

FS credit market commentary

NOVEMBER: Leveraged credit rose in November, with loans outperforming HY Bonds | The duration-sensitive Barclays Agg was unable to recover from an early-month rate spike, ending down slightly on the month
See more