Wells Fargo eyeing 20% drop in 2020 US CLO issuance
Wells Fargo analysts are predicting a decline of up to 20% in US CLO issuance in 2020, as demand for floating rate products wanes and new issue arbitrage poses a challenge for managers.
– by Paola AurisicchioThe bank analysts are predicting new issuance of $90bn, down from the $106bn projected for full year 2019 volumes. That is a marked decline from the high flying days of 2018, when the market notched up an all-time record for issuance at just under $130bn. ...
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