Lack of CLO warehouse capital dampens leveraged loan rally

Loans have bounced back from their steep selloff in December, but the recovery has lost some of its steam as new CLO warehouse capital to buy loans proves less abundant.

  • By Alexander Saeedy
  • 31 Jan 2019
According to data provided by the Loan Syndication and Trading Association (LSTA), the average loan price in its S&P/LSTA leveraged loan index jumped by 3% from January 2 to January 15 from 93.38 to 96.27. However, since that date, the index has only increased by 0.05% despite tightening ...

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2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

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