Europe leads corporate credit rally, but US outperforms in CLOs

By Sayed Kadiri

Friday, December 04, 2020

iTraxx Crossover has been the CDS market's outperformer this week, tightening over 30 basis points, or 11.4%, to trade at 235bp today. But in the CLO market, US deals have come out on top thanks to a BlackRock CLO that priced its double Bs at some of the tightest levels this year

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TAGS: Europe High yield bonds Investment grade credit CLO BlackRock Invesco Allstate Pricing Leveraged loans Performance North America Synthetic/SRT

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