It's all relative: senior CLO tranches tighten 18% in Europe as CDS indices sit out rally

By Sayed Kadiri & Dan Alderson

Tuesday, February 02, 2021

The corporate credit rally in January is notable because some assets tightened to levels not seen in over a decade (loans), others rallied albeit with a lag (CLOs) and the most liquid stream of credit (CDS indices) defied moves in other asset classes to widen

 

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TAGS: Europe High yield bonds Investment grade credit CLO Credit derivatives Pricing Leveraged loans Performance North America It's all relative

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