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Loan prices, on average, fell around a quarter point in April. Over the first four months of 2014, the Index was up 1.3%. Looking ahead, most players expect the market to remain relatively in balance in the coming months. Supply appears to be on the upswing. Capital formation, in the form of institutional allocations and CLO issuance, persists. Though the retail engine is, for the moment at least, in neutral.
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