CLO/CDO

  • US, European CLO markets take downturn fears in their stride

    The CLO is one of the more transatlantic sectors in securitization, and has grown more so in the past year as US managers make new inroads in Europe. However, both markets grapple with unique issues. In the US, a rocky corporate credit landscape has put the fear of widespread downgrades front and centre, while in Europe, the space is getting crowded and competition for collateral and persistent negative rates weigh on the sector. Both markets in 2020 are headed for an inflection point. Max Adams and Tom Brown report

  • People moves in brief

    People moves in brief

    Barclays’ head of corporate broking leaves — ESG finance academic joins Barings — Morgan Stanley ratings banker heads for exit

  • Go ‘overweight’ in CLOs next year, says BofA

    Go ‘overweight’ in CLOs next year, says BofA

    Market participants should take advantage of any spread widening in CLOs between now and year end, said Bank of America research analysts, as they predict that bonds throughout the capital stack will rally in 2020.

  • CIFC prices sixth US CLO of 2019

    CIFC prices sixth US CLO of 2019

    CIFC Asset Management has priced its sixth US CLO of 2019, bringing the manager’s new issuance volume for the year to over $3bn.

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