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Credit genius
Monday, July 27, 2009
“Investors who go long credit in this environment should benefit tremendously over the next few years provided they pick the right credits. Choosing the wrong names, however, could prove disastrous as credits that default in this cycle are expected to recover at brutally low levels.”
A CreditSights report explains where we have all been going wrong.
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CFlux secondary
CLO index levels:
| Index | 21 May |
|
| CFlux USD AAA | ↑ | 96.2 |
| CFlux USD AA | ↑ |
88.3 |
| CFlux USD A | ↓ | 84.1 |
| CFlux USD BBB | ↓ | 75.3 |
| CFlux USD BB | ↓ |
74.1 |
| CFlux USD EQ | ↑ | 77.5 |
