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SPXT - Leveraged Loan Supply Eases From Record Pace
ProShares S&P 500 Ex-Technology
Supply respite combines with persistent demand to fuel favorable loan market technicals.
As loan supply set records in the first four months of the year, so too did new demand for loans.
The loan markets' net forward calendar, which represents all institutional loans in the pipeline net of anticipated repayments, flipped to net negative territory for the first time since early January.