European CLO buyers less bullish on triple-As after rally stalls

European CLO spreads have widened following a five week tightening rally, leading to some backtracking of bullish sentiment from triple-A investors at the start of the second quarter, according to a JP Morgan investor survey.

  • By Asad Ali
  • 09 Apr 2018

The back-up in spreads could potentially point to a slight decrease of investor appetite after heavy new CLO supply in the first three months of the year, with key investors needing a breather, as well as lingering concerns about wider market volatility.

At the start of this year, ...

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3 Citi 8,093 21 9.22
4 Lloyds Bank 7,329 24 8.35
5 JP Morgan 6,580 10 7.49

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