Europe leads corporate credit rally, but US outperforms in CLOs

By Sayed Kadiri

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 Credit derivatives Allstate Pricing Leveraged loans Performance North America