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Secondary prices slide amid low bids for CLO single As
15 years ago
Traders are expecting a steep drop in CLO prices in first quarter of this quarter, and that is reflected in the low bids at yesterday's auction of single A and double A positions -
Bank touts rare old-vintage CBO repack
15 years ago
An investor is looking to sell a portfolio of old-vintage CBOs in the form of a repackaged note -
Random recovery model would increase tranche liquidity, says Merrill Lynch
15 years ago
In its latest Credit derivatives strategy report, Merrill Lynch analyses recent developments in structured credit modelling -
Arranger ends drought with first arbitrage CLO of 2009
15 years ago
The first visible new issue US arbitrage cashflow CLO of 2009 priced this week according to well placed market sources -
Moody's plans to slash CSO ratings
15 years ago
Moody's says it will slash the ratings of most of the corporate synthetic CDOs (CSOs) it rates by between three and seven notches -
New figures point to sharp fall in CLO performance
15 years ago
CLO performance has deteriorated rapidly in recent weeks, according to analysts, as mounting defaults and downgrades has put pressure on overcollateralisation (OC) ratios -
Trups CDOs trade actively in the secondary market
15 years ago
Secondary CDO sources say they have seen good volumes of trups CDOs traded recently, with average volumes estimated at around $300 million a week -
Bank cuts CLO prices as sell-off continues
15 years ago
A secondary CDO desk has recently sold a $2 million piece of Carlyle Group double B CLOs -
Mezz ABS CDO tranche trades
15 years ago
A piece of a PIKing tranche of a mezzanine ABS CDO traded in single digits yesterday, say market sources away from the situation -
CLOs set to trade in teens at upcoming auction
15 years ago
Price talk has circulated on several mezzanine tranches of CLOs that are due for auction next week -
Bank prop desk touts CLOs in synthetic format
15 years ago
A CDO prop desk put out an 11 item CDS CLO owic that very likely did not trade due to a lack of client interest in buying CLOs synthetically -
Canadian bank liquidates CDO after event of default
15 years ago
SMH Capital based in Houston will run a 69 item $210 million liquidation of collateral from a CDO that has suffered an event of default -
Moody's cuts ABS CDO ratings
15 years ago
Moody's announced yesterday that it was downgrading 172 tranches of CDOs of ABS following the recent change in its structured finance CDO rating methodology -
Secondary CLO trade reveals vintage differentiation
15 years ago
An older vintage US cash CLO, Aurum CLO 2002-1, traded recently, according to market sources, providing an illustration of the premium attached to older-vintage, first-priority CLO paper -
Citi finds big differences in how CLOs treat triple C buckets
15 years ago
Citi says that there are important differences between the way that different CLOs define their triple C buckets which could have a big impact on deals' overcollateralisation tests -
Average CSO cushion has increased, says Citi
15 years ago
In its most recent Global structured credit strategy report, Citi says that the cushion to required Standard & Poor's rating for most AAA CSOs remains relatively healthy at an average of 6-7% -
Three-quarters of CSOs hit by at least one credit event, says S&P
15 years ago
Standard & Poor's said yesterday that about 75% of the synthetic CDOs (CSOs) rated by its London office contained at least one of the recent investment grade credit events -
CDO Software launches CSO applications for investors and trustees
15 years ago
CDO Software has announced the launch of two new products as part of its existing CDO Tools suit of CSO software applications -
Regional bank auctions off trups CDOs
15 years ago
Utah-based Zions Bank sold three Cohen & Company trust preferred CDO securities on Wednesday -
Reinsurer tears up CDO contracts with MBIA
15 years ago
Bermuda-based reinsurer Ram Re has paid MBIA $156 million to tear up its $10.6 billion structured finance reinsurance contract with the monoline -
Investors braced for losses after latest CDO of ABS liquidation
15 years ago
Most investors in a 2005 CDO of ABS are expected to suffer losses after the deal was liquidated -
AIG moves $53 billion of CDOs to Fed-backed entity
15 years ago
AIG said yesterday that it has sold $53.5 billion of its $300 billion of CDOs to a new entity backed by the Fed -
S&P downgrades 791 CSOs
15 years ago
S&P yesterday cut the ratings of 791 CSO tranches rated by its London office -
Bank slashes offers on secondary CLO paper
15 years ago
The US secondary CDO desk of a large European bank was said to have slashed offers on a swathe of CLO tranches yesterday -
European buyer set to cut losses on triple A CLO
15 years ago
A 2005 vintage CLO is being offered for sale at a price equivalent to 700-800 basis points over Libor and is thought to be close to selling
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