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US jobs strength sends traders scrambling to cut Fed pivot trades
1 year ago
Credit spreads are ending the week on a sharp move wider, with a heavy sell off hitting financial markets in the wake of US jobs numbers that suggest any notions of a Fed pivot on rates are premature -
Fortress goes for longer tenor as CLO spreads widen
1 year ago
Fortress Investment Group has priced a new US CLO with a four-year reinvestment period and pricing at the wider end of recent issues -
US CLO league tables: BofA’s big month opens gap with Citi but Palmer Square closes in on Blackstone
1 year ago
After a quiet August, the US CLO market returned to what is the new normal (or new, new normal depending on the timeframe you're using). Managers priced $11.3 billion of US CLO paper last month, extending a trend -
Global CLO league tables - September YTD
1 year ago
Global CLO league tables - September YTD -
Warning signs flash as B3 share of loans reaches record level
1 year ago
Credit analysts are sounding the alarm as the portion of the loan and high yield universe rated B3 or B- surged to a record level in the third quarter -
US loan index falls below 92 to almost wipe out gains since July
1 year ago
The S&P/LSTA Leveraged Loan Index sank to an average bid of 91.92 cents by Monday, down by two points in as many weeks, wiping out almost all the gains seen in the late-summer market rally -
European CLOs emerge as gilt-y pleasure for US investors amid record b-wic volume
1 year ago
European CLO b-wics have flooded the market this week with sources indicating elevated supply on Wednesday and Thursday resulted in some of the busiest days on record. Officials at Bank of America say their weekly trading volume approached €1 billion -
Sixth Street prints first new CLO in over a year
1 year ago
Sixth Street returned to the CLO primary market on Wednesday, bringing its first transaction of the year and its first new issue deal in 12 months -
Fidelity places new CLO triple As at 195bp amid dispersion
1 year ago
Fidelity Investments priced a new CLO on Tuesday, placing the triple A notes at 195 basis points over Sofr -
BofA markets new issue European CLO for GoldenTree
1 year ago
The manager priced its last European CLO new issue in February 2021 -
BofA prices CLOs for CarVal and Voya
1 year ago
Bank of America's CLO issuance volumes have passed $1 billion for the week after new deals for Voya Investment Management and CarVal CLO Management on Tuesday -
Wamco goes for novel call/reinvestment structure as it prices US CLO
1 year ago
Western Asset Management Company priced a CLO via Bank of America on Monday, growing its CLOs under management to $1.4 billion -
US CLO league tables: BofA holds off Citi for another month
1 year ago
$6.4 billion of US CLO new issues priced in August, down $11.2 billion from August last year but $1.1 billion more than August 2019 -
Global CLO league tables - August 2022 YTD
1 year ago
Global CLO league tables - August YTD -
Keep an eye on gaming, leisure and entertainment issuers in Euro CLOs, says BofA
1 year ago
CLO investors should be mindful of industry concentration exposure, with the gaming, leisure and entertainment sector an area of focus, according to Bank of America research released yesterday -
New Barings CLO scores first sub-200bp triple A print since July
1 year ago
Barings broke the US CLO market's issuance drought on Thursday, pricing the first primary transaction of the week and scoring the tightest debt execution since July in the process -
CLO inflows could hit $60 billion as knock on from student loan forgiveness, says BofA
1 year ago
US president Joe Biden’s student loan forgiveness programme could lead up to $60 billion flowing into the CLO market, according to research from BofA -
Three defaults mean CLO OC ratios to decline by 17bp in September, says BofA
1 year ago
CLO overcollateralisation ratios are set to decline by 17 basis points in September following the defaults of Cineworld, Endo and Carestream health, according to a research paper from Bank of America -
US CLO pipeline: Dispersion comes to fore, while Capital Four goes static
1 year ago
The CLO market is heating up once again after the summer lull and pricing has tightened, with at least three US CLO managers looking to match or even best Palmer Square Capital Management’s triple A print of 200 basis points -
US CLO spreads tighten as Palmer Square sets benchmark
1 year ago
Palmer Square Capital Management priced a new CLO via Bank of America on Tuesday, scoring the market's tightest debt execution in over a month -
Elmwood becomes second largest US CLO issuer of 2022
1 year ago
Elmwood Asset Management on Friday became the second largest issuer of US CLOs in 2022 on Friday by pricing its seventh transaction of the year, Elmwood CLO 19 -
Marathon confirms senior-level CLO hire in New York
1 year ago
Marathon Asset Management has confirmed the arrival of a CLO specialist as managing director and senior portfolio manager in its corporate credit group -
Symphony 36 proves music to ears as US CLO spreads strike a chord
1 year ago
Nuveen Asset Management priced Symphony CLO 36 on Tuesday to provide another signal that US CLO spreads are moving tighter -
US banks' CLO holdings rose $10bn in Q2, but demand is set to drop: BofA
1 year ago
CLO holdings by US banks increased by around $10 billion over the second quarter this year. But BofA anticipates subdued demand for the rest of the year due to high loan growth, slowdown in deposit growth and increased capital requirements -
US CLO pipeline: Blackstone goes for 10 with tightest triple As of August
1 year ago
Blackstone Credit is marketing its latest CLO, Storm King Park, which will be the manager’s tenth US new issue of the year
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