It's all relative: CLOs are lagging no more, as Carlyle deal drags market tighter

By Sayed Kadiri

“CLOs are lagging” has been a much repeated refrain over the last nine months. But Carlyle Group has this week produced a US CLO that has dragged spreads to their tightest point in three years so that, rather than comparing CLOs to pre-covid levels, they should be assessed against early 2018

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