CLO triple-A spreads level off

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CLO triple-A spreads level off

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Maciej Cielma/maciek905 - stock.adobe.com

The spreads on triple-A rated CLO tranches in euros are levelling off once more, after a spell of widening. The senior parts of the capital stack have become more accessible to investors, leading to a stabilisation of spreads which syndicates warn may be temporary.

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