RE: Today3 Apr 2020 18:26
Picked this up on Reuters on the 1st April. May explain the drop.
As the virus spread across continents, leveraged borrowers put the brakes on the frantic refinancing activity that took place early in the quarter, while investors reassessed their appetite for risk. Healthcare companies such as Bausch Health and Pharmaceutical Product Development (PPD), as well as British technology firm Micro Focus pulled transactions as the borrower-friendly market all but vanished.
Hopefully it's found its bottom. See what the weekend brings.