Auction shows continued demand for CLO triple As

By David M Graubard

Monday, September 14, 2009

A bid list of five upper mezzanine CLO bonds resulted in higher than expected prices on Thursday, suggesting that demand for high quality CLOs in the secondary market continues to remain strong

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Comment by: Douglas Watson. Posted 14 years ago [2009-09-14 17:42:30]

AA/Aa originally rated CLO tranches now appear more than fully priced after the big run up over the last few months. Recent buyers will get a bad case of "buyer's regret" if we (the US) experiences a double dip recession which appears increasingly likely given the prospect of a "jobless recovery" and a looming trade war with China.

CLOs

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