Big increase in trups defaults hits CDOs
The pace of deterioration of trups CDO collateral quickened dramatically in the first half of this year, according to a report due to be published by Fitch Ratings later toda

Manager buys back junior CLO debt
The manager is planning to buy back the most junior class of debt in its sole CLO, a 2006 European deal

Older vintage CLO trades as secondary demand remains weak
Only one bond in a bid list of five triple A CLOs traded yesterday, according to market sources, suggesting that demand for CLOs in the secondary market continues to flag

Cemex enters debt restructuring
Mexico-based building materials and cement producer Cemex secured a restructuring plan with its creditor banks

Asset manager tests water with bid list of large CLO positions
Yesterday’s widely distributed $236 million cash CLO bwic included jumbo positions largely as a marking exercise, CDO sources claim

Weaker credits tap bond market
Weaker credits tap bond market

Broadcaster hits the bond market to improve liquidity
Univision Communications joined the trend of high-quality high-yield companies hitting the bond market to improve their liquidity.

Secondary CLOs trade amid bid list confusion
Yesterday’s 11am bid list for two double A US cash CLOs resulted in trades, according to several sources, but there was some confusion over the trading levels

CLO bid lists lead to flurry of trades
Around two out of three items on a series of CLO bid lists on Tuesday traded, say market sources, providing evidence of the continued health of the secondary CLO market

Buyers bid up single A CLOs
A bid list of double A and single A CLOs that was circulated to a small list of potential investors on Thursday resulted in trades for most of the assets

Older vintage CBOs attract premium bids at auction
Further evidence emerged of the strong demand for secondary CLOs in this week’s flood of bid lists

Buyers mop up flood of secondary CLOs
Many of the bonds that were up for auction in yesterday’s four separate CLO bid lists traded at or better than expected prices, according to market sources

Banks buy up CLO triple As
A bid list consisting of four US cash CLO triple As cleared largely at or above aggressive reserve levels, providing further evidence of the robust demand for CLO paper

Banks and asset managers look to sell $430 million of CLOs
A flood of CLO bid lists hit the secondary market this week as holders looked to take advantage of the recent run-up in prices to offload mainly triple A and double A paper

European CLOs trade at better than expected prices
Friday’s bid list of European CLO tranches produced higher than expected prices for several assets