Widening in US CLOs takes toll on equity
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SecuritizationCLOs

Widening in US CLOs takes toll on equity

The US CLO market took a turn for the worse this week, with new issue spreads widening and a large proportion of secondary market bid lists failing to trade. Illiquidity in CLOs and a widening in the underlying leveraged loan market is now causing problems in the primary market, particularly for equity investors.

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