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Go long CLO triple-A and pick cash bonds over CDS, says JP Morgan
6 years ago
Going long European CLO triple A paper remains one of JP Morgan strategists’ favourite trades following the European Central Bank stimulus announcement last week, despite these tranches having rallied 14bp on average since the bank first backed them. They also predict cash credit to outperform CDS -
Another 2008 would leave IG CLOs without losses but default rates will climb, says BofE
6 years ago
CLOs will see greater losses in a downturn than they did in the last financial crisis, according to the Bank of England’s Financial Stability Report -
CLO equity a "top trade" for 2019, but beware ratings risk, says JP Morgan
7 years ago
CLO equity is one of the top trades of 2019, according to research analysts at JP Morgan in a research paper published on Friday, noting that the asset class offers ‘sticky capital in a volatile cycle' -
Euro SME CLO market to remain at low issuance levels, DBRS predicts
8 years ago
A new report by credit rating agency DBRS says the European securitisation market has much to be positive about in 2018 – but warns that the SME CLO market is expected to remain at low issuance levels -
Two days left to make your views on the CLO market heard
8 years ago
The first Creditflux CLO Census closes on Friday 18th August, giving the CLO market only two days to make their views count. -
US CLO refis cut triple-A spreads by 24.5bp on average, finds Moody's
9 years ago
US CLO refinancings in the last year have resulted in triple-A funding costs falling by an average of 24.5 basis points, according to research published by Moody’s yesterday.
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