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BofA Euro CLO trading head shifts focus to US
1 year ago
The head of European CLO trading at Bank of America is stepping away from the European CLO side of the business -
CLO 2023 Outlook: CLOs look set to rise to the challenge of a tough 2023
1 year ago
CLO researchers had an (understandable) inability to accurately predict the staggering array of macro shocks that affected the CLO market this year. So it comes as a surprise that overall CLO issuance reached a lot closer to anticipated levels than many would have expected back in Q2 -
Largarde snowballs puncture complacent calm and shocks spreads wider
1 year ago
Credit markets are ending the week on a big push wider, after European Central Bank chief Christine Lagarde delivered the surprise that had been missing from other central bank messaging -
BofA withdraws forecast for US banks to return to CLO investing en masse in 2023
1 year ago
Bank of America has withdrawn its forecast that US banks will make any signficant return to investing in CLOs in 2023 following comments from the Federal Reserve's vice chair for supervision suggesting that capital requirements could increase further next year -
Major fund withdrawals undermine credit momentum
1 year ago
Credit funds are extending their run of inflows into the end of the year, but investment grade momentum took a dent last week due to investors in one big fund pulling their money -
European CLO equity outperforms single Bs amid high return dispersion: Bank of America
1 year ago
European CLO returns have been negative across the capital structure this year, a research paper from Bank of America has found. Losses have been softened however due to an increasing three-month Euribor rate, high carry relative to corporates and relatively stable equity returns. -
Diameter prices its largest CLO to date
1 year ago
Diameter Capital Partners on Thursday priced its largest CLO to date -
Rockford Tower opts for unusual non-call duration in latest new CLO
1 year ago
Rockford Tower Capital Management priced a new CLO on Thursday, opting for an unconventional 1.5-year non-call period -
$90 billion gross CLO issuance in 2023 with manager base to shrink, says BofA
1 year ago
Bank of America is forecasting $90 billion gross issuance of CLOs in 2023, split between $80 billion backed by broadly syndicated loans and $10 billion backed by middle market assets -
Capex and real yields will split winners from losers in '23: BofA
1 year ago
Companies able to undertake capital expenditure will be the winners in 2023, while those historically most sensitive to rising real yields should inspire caution, say Bank of America strategists -
US CLO league tables: BofA and Citi going down to the wire but Blackstone set to clinch manager crown
1 year ago
20 US CLO managers priced last month to take year-to-date new issue volumes to $114.2 billion. This is $54.7 billion less than 2021’s total new issuance, but $34.1 billion more than 2020 and $6.1 billion more than 2019 -
Global CLO league tables - November 2022 YTD
1 year ago
Global CLO league tables - November 2022 YTD -
Euro CLO new issuance could reach €22 billion in 2023, says BofA
1 year ago
European CLO new issuance will reach €22 billion in 2023, strategists at Bank of America expect, while refinancing / reset volume should reach €3 billion under a ‘base case’ scenario -
GoldenTree prints new US CLO via three arrangers
1 year ago
GoldenTree Loan Management has priced a new CLO, teaming up with three arranging banks to print the $486.48 million deal named GoldenTree Loan Management CLO 16 -
US banks are meeting capital requirements and should return to CLOs in 2023, says BofA
1 year ago
US banks are likely to return to investing in the CLO primary market again in the first half of 2023 after their latest financials showed healthy earnings -
Credit euphoria follows CPI, but analysts warn of comedown
1 year ago
Softer than expected US inflation numbers have ignited a spectacular rally in financial markets. But strategists and economists warn against the exuberance, arguing more pain is likely on the way -
US CLO league tables: Usual suspects keep market rolling as Citi moves within $1 billion of BofA
1 year ago
October experienced $7.1 billion of US CLO issuance with over half of that priced by the managers that occupy one to eight in the US CLO new issue league tables -
Global CLO league tables - October 2022 YTD
1 year ago
Global CLO league tables - October 2022 YTD -
Ares prints new issue Euro CLO via BofA
1 year ago
Ares Management has priced a new issue European CLO, Ares European CLO XVI -
Weren’t there more of us than this?
1 year ago
According to this year’s Creditflux CLO Census, the CLO industry is not feeling optimistic. Some investors have vanished and managers have not taken advantage of helpful market conditions -
Ares targets today for European CLO pricing
1 year ago
Ares Management is targeting today to price its new issue European CLO, Ares European CLO XVI -
Ares markets first 2022 CLO in Europe
1 year ago
Ares Management is targeting Wednesday to price a new issue European CLO -
Creditflux CLO Census results: JP Morgan claims clean sweep of US CLO arranging categories
1 year ago
Following the close of this year’s census, JP Morgan was a quadruple winners in the US, with results declaring it the best at syndicating, structuring and providing both the best access to loans and the best warehouse service -
CLOs can weather a short recession, but maybe not a long one, conference hears
1 year ago
The US economy is likely to enter a recession in the first half of 2023, attendees at IMN's ABS East conference heard on Tuesday. While the severity of the downturn is unknown despite the Federal Reserve aiming for a 'soft landing', CLOs are well positioned to weather the storm - as long as the recession is contained in a relatively short period -
US jobs strength sends traders scrambling to cut Fed pivot trades
1 year ago
Credit spreads are ending the week on a sharp move wider, with a heavy sell off hitting financial markets in the wake of US jobs numbers that suggest any notions of a Fed pivot on rates are premature
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