Monroe prints second middle market CLO of the year
Monroe Capital Partners priced its first middle market CLO since February on Tuesday, and the largest middle market CLO in four months

AGL stands alone with 190bp CLO triple As attaching at 37% in new issue
AGL Credit Management priced a new US CLO on Friday via BNP Paribas, scoring a market-tight triple A print of 190 basis points over Sofr - without the benefit of a junior triple A tranche

US-led sell off shifts index roll technicals with key rates decisions looming
Further deterioration in global economic outlook is causing credit spreads to move back to the midpoint or wide end of their recent range, after a week of reversal from the previously more optimistic September trading run

Spreads gap wider with UK inflation adding to cocktail of concerns
Evidence of financial markets hitting a resistance point after three weeks of improvement is growing, with Monday’s bearish shift extending over into early trading Tuesday

Relief rally extends despite US and EU sending mixed signals on recession
Growth and inflation data on Friday has added impetus for the European Central Bank to maintain a hawkish stance at its September meeting, despite US signals suggesting that economy is in recession

Redding Ridge prices fourth US new issue CLO of 2022
Redding Ridge Asset Management, the CLO manager arm of Apollo Global Management, returned to the primary CLO market on Friday

Credit Rendezvous: Investors try to avoid suplex city as recession and inflation reform tag-team
Credit investors getting ready to lock up against that familiar 1970s pairing of inflation and recession. But the hard-hitting tag team has picked up some new moves, causing floating rate outperformance to give way to underperformance; synthetic credit to outperform cash; and CLO terms curves to reshape into barely recognisable positions

Euro double As and US triple As offer best value in CLOs: BNP Paribas
Secondary market double A rated tranches offer the best relative value in European CLOs’ capital structures, while US triple As in primary starting to look attractive, according to BNP Paribas credit strategists

Weekly US CLO volume tops $3 billion as AGL prices
AGL Credit Management brought weekly US CLO issuance over $3 billion on Thursday by printing a new issue deal via BNP Paribas

KopenTech launches digital peer-to-peer CLO trading platform
Los Angeles-based FinTech platform Kopentech has launched a digital peer-to-peer trading platform for CLOs

PGIM scores tightest CLO triple A print in two weeks
PGIM priced a new CLO named Dryden 108 on Thursday, scoring the market's tightest triple A print in over two weeks

Points up front: Who is going into the Creditflux interview room?
The Creditflux CLO Symposium brought together 620 market participants from across the globe, and they had one question on their lips: what’s going on in the Creditflux interview room?

We’ll get through this awkward patch
Wide liabilities have made pricing CLOs trickier in the past few months. But speakers at Creditflux’s CLO Symposium were optimistic that the arbitrage is OK — so long as you can place those triple As

Wide yields mean high times again for corporate hybrids
Prolonged disruption in financial markets has painted an ever-bleaker picture for credit fund returns and flows in 2022

Think of the arb, say US CLO panelists after big loan drop
Far from being a cause for alarm, falling loan prices have brought a welcome opportunity in new CLO issuance for managers and investors, according to speakers at the Creditflux Symposium in London today

Macro drivers set to give lift to CDS tranche trading
Credit index tranches look to be on course for a busy year, with volumes robust so far in 2022, despite key relative value trading themes having not delivered so far

Nuveen new CLO brings triple As at market tights of 142bp
Nuveen Asset Management priced a new CLO on Wednesday, placing its triple A notes at the market tights of 142 basis points over Sofr

Octagon prints largest CLO in over two and a half years
Octagon Credit Investors priced a $610.2 million CLO on Thursday, its largest new issue deal since October 2018

142bp emerges as triple A benchmark spread as Blackstone prices new CLO
Blackstone Credit priced a new CLO on Wednesday, placing the senior triple A notes at Sofr plus 142 basis points

LCH extends credit index option product to buy side
BNP Paribas and JP Morgan are the first banks to offer client clearing of credit index options through LCH CDSClear

KKR prices CLO with unusual reinvestment-call lock profile
KKR has priced a rare CLO with a short reinvestment window but long non-call period

Traders eye expensive options as they look to get creative
Credit market volatility trades may look exceptionally expensive, but that is not stopping them being a prized tool for investors on a number of fronts — from hedging longer-term macro risks, through pre-March index roll positioning, to cross-asset relative value plays

Steele Creek fashions first new CLO in nearly three years
Steele Creek Investment Management staged a longawaited CLO comeback on Monday by printing its first new issue since July 2019

Napier Park prints triple As at 132bp in new US CLO
Napier Park Global issued its first CLO of the year on Thursd

Trinitas resets 2019 CLO in line with recent new issues
Trinitas Capital Management on Tuesday reset its 2019 CLO, Trinitas X via BNP Paribas, according to market sources