Resets dominate US CLO pipe as Oak Hill prices
![An old stop and reset button mounted on a rusted metal plate](https://assets.euromoneydigital.com/dims4/default/95caeac/2147483647/strip/true/crop/5994x4001+0+0/resize/840x561!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fff%2F8b%2F36cb202e498982c7138fc3729a40%2F2aaaajt.jpg)
As the spread discount for refis narrows, managers are likely to head straight for the reset
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