Search results
18 results found Showing page 1 of 1
Refine Search
Article Categories
Strategy Tags
- Direct lending (4)
- High yield bonds (6)
- Investment grade credit (4)
- Structured credit (1)
- CLO (9)
- Credit derivatives (6)
- Leveraged loans (5)
Geography Tags
-
Points up front: Shhh, don’t tell! Secret CLO pricing is in progress
1 year ago
The CLO industry has come a long way in the last decade — so much so that managers can now boast of their track records and CLOs are no longer (wrongly) touted as the acronym that caused the 2008 financial crisis. But in recent weeks some CLO market participants seem to have gone back to a time when pricing a CLO was taboo -
They said it: "We are proud to be moving our industry in a direction that will bring greater liquidity..."
1 year ago
Brian Carosielli, co-head of global credit trading at Bank of America, on a new CLO trading platform -
"The shutdown of economies in the pandemic showed it’s better to suffer up front"
1 year ago
Rather than prolong the agony, central banks would be better off bunching their planned rate hikes into one -
We’ll get through this awkward patch
1 year ago
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As -
"Derivative longs versus cash corporate shorts looks attractive, especially if we see a market sell-off"
1 year ago
Technicals are keeping cash credit spreads tight, but as central banks reduce purchases there will be relative value opportunities -
They said it: "The tone may have been too positive"
2 years ago
CLO market participants have been guilty of being overly bullish -
"Growth in credit products lets investors express sector-specific views as dispersion ticks higher"
2 years ago
Investors can use ETFs, volatility dispersion swaps or even bond baskets to trade dispersion -
They said it: "Remove call option from CLO assets and liabilities"
2 years ago
A CLO investor, commenting in Creditflux’s CLO Census, comes up with a drastic way of making CLO cashflows a whole lot easier to model -
The Creditflux CLO Symposium was back as an in-person event for the first time in two years and participants were delighted to socialise and bask in an amazing year for the credit industry2 years ago
-
"Never have the choices for issuers been more varied, nor the market dynamics more complex"
2 years ago
Direct lending deal terms are becoming more attractive in Europe -
"There are concerns about volatile sectors in high yield, but IG may be vulnerable to macro changes"
2 years ago
High yield has heavier exposure to energy and travel credits, but IG has more rate duration -
"It’s not unusual for investors to toggle between the US and Europe depending on pricing and terms"
2 years ago
The accents may be different, but US and European direct lending markets have a lot in common -
"Watch the IG credit curve — we may see steepening of IG 5s10s and flattening of 10s30s"
3 years ago
Stimulus measures are supporting short tenors, and pension demand for 30-year paper is strong, so 10-year IG credit may have few buyers -
A brighter year ahead
3 years ago
Panellists on Creditflux’s CLO webinar described how CLO spreads are close to historic tights, ESG is entering the docs and managers have more flexibility with work-outs than ever before -
It's imperative to remain in liquid assets and this makes CDS indices attractive
Mohammed Kazmi of Union Bancaire Privée takes our credit quiz
-
They said it: "CLO Euribor floors are in the money"
4 years ago
In a blog, TwentyFour Asset Management’s Aza Teeuwen says that Euribor floors are worth over 50 basis points of extra spread, but this is not being priced in. -
PE hold periods have shrunk but fast acquisitions can lead to botched integrations
4 years ago
Buyout multiples are likely to stay high – but moving fast and specialising can help firms make money -
They said it: “I’ve run the numbers and it looks more like a 3% IRR”
5 years ago
A CLO modelling professional tells Creditflux that European CLO model portfolios don’t look realistic
18 results found Showing page 1 of 1
Want all the latest news, comment, analysis and data?