It's all relative: CDX HY touches record tights but junior US CLO tranches leak wider

By Sayed Kadiri

Friday, June 25, 2021

Credit spreads are marching tighter, but someone forgot to tell the CLO market. European and US CDS spreads have moved in step with each other for the most part with investment grade and high yield tightening 4-6% in the last week, whereas CLOs have been losing ground

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TAGS: Europe High yield bonds Investment grade credit CLO Pricing Leveraged loans North America It's all relative Synthetic/SRT

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