It's all relative: IG index drifts wide of 50bp as European CLO triple Bs outperform

By Sayed Kadiri

US investment grade credit has been an underperformer in the last few weeks with CDX IG trading north of 50 basis points again. But European CLO triple Bs are looking strong while there is a stronger bid for two- to three-year paper in the US

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TAGS: Europe High yield bonds Investment grade credit CLO Credit derivatives Pricing Leveraged loans Performance North America