CLO returns surge past corporate loans and bonds

Returns on US CLO debt have handily beaten those of high yield corporate debt over the past year, say JP Morgan analysts, though the rally may be running out of steam in the latter part of 2017.

  • By Max Adams
  • 05 Sep 2017
Beginning in the middle of last year, JP Morgan CLO analysts recommended buying CLOs over high yield loans and bonds. In the year over year period, CLO triple-Bs and double-Bs have returned 12.6% and 24.6% respectively, compared to 6.9% returns for high yield loans and 10.7% for high ...

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