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  • Secondary CLOs stand firm as credit markets take a hit
    Macro weakness is seeping into credit with CDS indices gapping wider and US loans suffering a setback after dropping below 95 points this week. Traders say the CLO secondary market has reflected this turn in sentiment, with did-not-trades racking up – although spreads have held up better than other parts of the credit market

    1 year ago

  • CLO prices drop under weight of massive secondary volumes while CDS rallies
    CLO spreads have underperformed versus liquid credit instruments in the past week after a massive $2.3 billion of paper hit the secondary US CLO market. But that could create opportunities for investors.

    2 years ago

  • European CLOs rise in secondary with Sound Point deal up 4.25 cents from issuance
    Double-B rated CLO tranches received bids in the high 90s on Wednesday with Sound Point Capital Management’s debut European CLO attracting the highest cover of 98.25 cents on the euro. But the CLO rally is lagging moves in corporate credit  

    3 years ago

  • European CLO double Bs jump wider amid October macro worries - but seniors stand firm
    The fortunes of investment grade and high yielding European CLO tranches have gone in opposite directions in the last month. In a year where relative value has shifted several times, Creditflux analysis shows that new issue European CLO double Bs have blown out by 16.5% in October versus September, while triple A-rated notes have tightened 6.7% in that time

    3 years ago

4 results found Showing page 1 of 1

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