Volcker amendments will be good for CLO equity and bad for CLO debt, says Wells Fargo

By Hugh Minch

Monday, February 03, 2020

Proposed changes to the Volcker rule announced last week by the Federal Reserve, which would allow CLO managers to hold 5% bond buckets, are positive for CLO equity and ‘marginally negative’ for CLO debtholders, according to a research paper from Wells Fargo

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TAGS: High yield bonds Regulation Research CLO Wells Fargo North America

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