Refine Search
Article Categories
Strategy Tags
- Direct lending (1)
- Emerging markets (1)
- High yield bonds (4)
- Investment grade credit (3)
- Structured credit (9)
- CLO (remove)
- Distressed debt (2)
- Leveraged loans (15)
- Synthetic/SRT (4)
- ABL Financing (3)
Geography Tags
-
CLOs at a glance
7 months ago
Recent CLO pricings -
Euro CLOs have better 2023 entry point than US in $140 billion issuance year: Barclays
1 year ago
CLO performance and issuance may have to wait until the second half of next year for improvement, say Barclays credit strategists in a 2023 outlook piece. But Europe could fare better than the US given starting levels in a year the market faces some challenging regulatory hurdles -
CLOs at a glance (November 2022)
1 year ago
A listing of CLOs that have priced in the last month -
Private equity firms are becoming CLO converts: TwentyFour
1 year ago
Private equity firms have increasingly bought CLO and other securitised debt tranches in recent weeks instead of their usual preference for physical assets - a trade TwentyFour believes "makes perfect sense" -
Sofr away from me – basis puts new CLO triple As in dire straits
1 year ago
A relative value gap has opened between secondary and primary market CLO triple A tranches, with the former looking attractive as volatility heightens and the basis grows between Libor and Sofr. This presents an additional problem for managers hoping to do new business -
CLOs at a glance (October 2022)
1 year ago
A listing of CLOs that have priced in the last month -
US loan index falls below 92 to almost wipe out gains since July
1 year ago
The S&P/LSTA Leveraged Loan Index sank to an average bid of 91.92 cents by Monday, down by two points in as many weeks, wiping out almost all the gains seen in the late-summer market rally -
European IG CLO mezz is attractive versus US paper: Barclays
1 year ago
There is no reason for European CLO mezzanine tranches to be as wide as they are versus equivalent US paper, according to a strategy note from Barclays. -
Widening asset/liability gulf will hurt CLOs: Barclays
1 year ago
A mismatch between CLO asset / liability rate risk is increasing in the US as more leveraged loan issuers opt for one-month pay frequency, Barclays credit strategists have found -
CLOs at a glance (August 2022)
1 year ago
A listing of CLOs that have priced in the last month -
Euro risk retention becomes must-have feature for US CLOs
1 year ago
For the past four years, risk retention-compliant US CLOs have been viewed as a luxury. But today issuers see a clear advantage to putting skin in the game -
CLOs at a glance (July 2022)
1 year ago
A listing of CLOs that have priced in the last month
-
CLO spreads are not pricing in recession: JP Morgan
1 year ago
CLOs are priced fairly for a growth slowdown but not a recession, according to JP Morgan credit strategists, who warn spreads are at risk if US growth contracts -
Manager selection stakes are heightening as CLO pain points intensify: Barclays
1 year ago
CLOs’ slump in market value and piling of distressed assets have made differentiation between managers much more acute on key metrics, regionally and by vintage, according to Barclays credit strategists -
Oaktree identifies CLOs among top picks in credit
1 year ago
Oaktree Capital Management’s head of performing credit Armen Panossian has outlined CLO tranches among his three favoured investments in this market -
Octaura's real-time trading solution paves way for loans and CLOs to drop illiquid tag
1 year ago
The unprecedented cooperation between CLO trading desks that culminated last week in the launch of Octaura could change the way credit investors judge the relative value merits of loans and CLOs versus liquid alternatives such as high yield bonds -
CLO investors show more signs of optimism than other ABS: Barclays
1 year ago
CLO investors attending the Global ABS conference in Barcelona were more upbeat than those that work in residential mortgage-backed securities and other ABS, say Barclays securitised credit strategists. But the overall mood was sombre -
CLOs at a glance (June 2022)
1 year ago
A listing of CLOs that have priced in the last month
-
CLOs at a glance (May 2022)
2 years ago
A listing of CLOs that have priced in the last month
-
CLOs at a glance (April 2022)
2 years ago
A listing of CLOs that have priced in the last month -
CLOs at a glance
2 years ago
A listing of CLOs that have priced in the last month -
CLO sellers bide their time amid widening Ukraine crisis
2 years ago
Russia’s invasion of Ukraine has sent shockwaves across the world, and CLOs, despite limited exposure to either country, have felt its impact. Those signs are most visible in the secondary market -
Sofr spike boosts CLO debt as Europe and US go out of sync
2 years ago
The sharp rise in three-month term Sofr has caused CLO relative value to shift decisively towards primary US CLO debt tranches in January as the floating rate benchmark shot up from 9.11bp to 17.06bp (from 1-20 January) -
CLOs at a glance (February 2022)
2 years ago
A listing of CLOs that have priced in the last month -
CLOs at a glance (January 2022)
2 years ago
A listing of CLOs that have priced in the last month
Want all the latest news, comment, analysis and data?