European CLO double Bs jump wider amid October macro worries - but seniors stand firm

By Sayed Kadiri

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

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TAGS: Europe High yield bonds Investment grade credit CLO Secondary market Credit derivatives Pricing Performance