Leveraged Loan Deleveraging in Action

Summary

• Analysis of SP100 Leveraged Loan Index and BKLN ETF which tracks it.
• Analysis of SP500 Index vs SP100 (BKLN ETF).
• Through SP100, BKLN acts as a proxy for large leveraged loan deleveraging and market liquidity.
• Large weekly outflows and declines in BKLN have presaged SP500 market downturns.

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