Warning of softer spreads as CLO supply hits new heights

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Warning of softer spreads as CLO supply hits new heights

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As Deutsche Bank continues preparing new CLOs for Par-Four Investment Management and Crescent Capital, and Morgan Stanley readies a jumbo-sized $1bn deal for Credit Suisse Asset Management, the US CLO market seems impervious to the summer slowdown that is taking hold in other securitized products.

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