Europe leads relief rally with energy and peripheral bank credits outperforming
Credit spreads are making a broad move tighter on Tuesday, with European Central Bank president Christine Lagarde having tried to rein back rate hike expectations and oil company BP posting strong profits

Franklin makes it back to CLOs as parent company looks to issue through two channels
Franklin Advisers has made a return to CLO management after 10 years in a deal arranged by JP Morgan

Carlyle and Oak Hill give $50 million upsizes to CLOs amid resets
Carlyle Group and Oak Hill Advisors each reset a legacy CLO on Monday, with both managers opting for a substantial upsize of the original deals

CLO investor cash balances at lowest levels since 2009: JP Morgan research
A survey conducted by JP Morgan has suggested that CLO investors' cash balances are at their lowest levels since 2009 - but most managers want to add risk in the coming months 

US CLO league tables: Blackstone and Citi win new issues but CSAM and JP Morgan take overall issuance crown
The US CLO market had an extraordinary 2021 with almost $400 billion of overall issuance pricing as records were set for all forms of issuance

Global 2021 CLO league tables
Global 2021 CLO league tables

CSAM gets $100 million boost after upsizing print and sprint CLO post-pricing
JP Morgan upsized Credit Suisse Asset Management’s Madison Park Funding LIX CLO by $100 million on Friday, a day after the deal priced

CLO 2022 Outlook: 2021 is hard act to follow, but CLO buyers have positives aplenty
New CLO issuance in 2022 will remain elevated but below 2021’s record numbers, banks agree. But there is no consensus among strategy desks on the volume of repricings to come, partly due to the unknown impact of the Sofr transition.   

CSAM runs in with opportunistic US CLO
Credit Suisse Asset Management has crossed the finish line with a $600 million print and sprint US CLO

Brace yourselves for increasing ESG basis in credit
One of the safest bets in credit for 2022 is that ESG focus will intensify, with market participants anticipating a surge of green bond issuance as well as widening spread dispersion between climate leaders and underperformers

BlackRock and Irradiant refinance legacy CLOs
BlackRock and Irradiant Partners each refinanced a legacy CLO on Thursday

Capital Four becomes seventh debut US CLO manager of 2021
Capital Four has become the latest debutant in the US CLO market by printing its first transaction via JP Morgan on Friday

Global CLO league tables - Nov 2021 YTD
Global CLO league tables - Nov 2021 YTD

US CLO league tables: Blackstone takes new issue lead amid monthly new issue record
The US CLO market priced $23 billion of new issues in November, setting a record for most new issuance in a month in the 2.0 era

Palmer Square opts for short tenor as it resets late 2020 CLO
Palmer Square Capital Management has opted for short duration in teaming up with JP Morgan to reset its late 2020 CLO named Palmer Square CLO 2020-3

CLO lower cap stack will outperform with $175bn new issuance in 2022: JP Morgan
Equity and lower rated tranche investors will do best as $175 billion of global new CLO issuance arrives in 2022, predict JP Morgan strategists in their annual outlook, taking market size to $1.2 trillion

New Carlson and Silver Rock CLOs pull daily issuance over $2 billion yet again
Daily CLO issuance volume on Tuesday surpassed $2 billion for the second consecutive day, with the total including new deals from Carlson Capital and Silver Rock

It's All Relative: CQS, Capital Four and Tikehau look for CLO breakthrough as debutant premiums drop
The number of US CLO issuers in 2021 could be about to reach 106 with Capital Four, CQS and Tikehau looking to price debut deals, with price talk set at ambitious levels

CLO issuance set for big slump as managers relax on Sofr: JP Morgan
CLO new issue supply will likely decline sharply from this month to next, with the rush to complete deals ahead of the transition to Sofr base rates having added to November's historical heavy weighting over December, say JP Morgan structured credit strategists

US CLO league tables: Palmer Square stands tall in land of the CLO giants
The US CLO market has extended its run of incessant issuance with October having added $39.98 billion of CLO paper to the year’s tally, making it the second most productive month this year for overall and new issue volumes

Credit bull run falters as central bank glow abates
Thoughts that the credit market had taken a positive directional shift are turning, after Tuesday’s session has brought a sizeable retracement wider, but credit strategists predict an overall firming of tone into the end of the year off the back of dovish central bank meetings

CLO resets drive equity returns to highest in five years: JP Morgan
Equity investors in US CLOs are earning, on average, the biggest returns of the past five years, finds JP Morgan – with deals reset this year having done most to raise the numbers

Benefit Street upsizes 2019 CLO by over $50 million with new reset
Benefit Street Partners has teamed up with JP Morgan to reset Benefit Street Partners CLO XVIII, upsizing the deal by over $50 million in the process

NYL and TCW each refinance legacy CLOs
New York Life Investment Management and TCW Group each refinanced a CLO on Thursday, with the two deals together worth almost $700 million

These CLO docs could be better
It seems there’s not much to worry about if you’re in the CLO market. In Creditflux’s CLO Census, voters said docs should follow a template as Jefferies, AGL and Hayfin emerge as rising stars