CLO extremes will do well in '22 but mezz needs caution: BNP Paribas

By Dan Alderson

The extreme parts of CLOs' capital structures will offer best value in 2022, but investors should be cautious on mezzanine tranches and consider hedges, say BNP Paribas strategists

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TAGS: Europe Regulation Structured credit CLO BNP Paribas Pricing Primary market North America pipeline