Libor rise gives timely boost to US loan yields
Competition for US loans among CLOs, ETFs and mutual funds is keeping margins in check. However, the 60bp increase in Libor in Q1 means there’s still reason to pile into the loan market

B-wic round-up: mid market CLOs find new homes in secondary market
The US secondary CLO market has had another eventful week as $908.2 million worth of CLO notes were made available, out of which $693.2 million, or 76.3%, traded successfully

Large slices of recently priced senior CLO debt go up for sale
€107 million of senior CLO debt of recently priced European deals has appeared on a b-wic

Reg cap trades spawn a secondary market, but not as we know it
It’s small, and at its early stages, but a secondary market is emerging for risk transfer deals

Spotlight: Local exchange carriers - calling for rescue on the M&A hotline
Growth-starved US phone companies are seeing consolidation as the best way to improve performance

US Treasury proposals could breathe new life into CLO market-making
The US Treasury Department yesterday proposed a dramatic paring back of the Dodd-Frank Act, but made no mention of changing the risk retention rules in relation to CLOs

Citi introduces tiered pricing model for CLO b-wics to boost participation
Market sources say that Citi – one of the largest CLO market-makers in the business – has launched a new CLO b-wic pricing initiative, which could improve liquidity in the secondary market for CLOs

CLO round-up: spreads tighten in secondary as managers turn to refis
CLO spreads have been grinding tighter this year with triple-B discount margins falling from a 424 basis point rolling average to 347bp

Boutique CLO managers boss secondary market
Creditflux analysis shows that, when their total assets are taken into account, small managers' CLOs are more liquid than those of large managers 

Leading CLO market-maker completes big hire in London
An experienced structured credit investor has landed at a bank, which is considered to have one of the leading CLO trading desks in the business

CLO round-up: CSAM prices US triple As at tightest levels since 2013
CLO spreads have been grinding tighter this year and last week saw Credit Suisse Asset Management achieve the tightest triple-A spread in the US market since June 2013, according to Creditflux data

Secondary CLO round-up: investors bid up 2013 BlueMountain CLO
The secondary CLO market slowed down last week, but there was still plenty of mezzanine CLO paper in for the bid, according to data from CLO-i.

Equity holder looks to sell revamped CQS euro CLO
An unnamed investor has put a large portion of CQS’s debut CLO 2.0 up for sale today, after the deal was refinanced earlier this week

German bad bank wins huge CLO auction
A German bad bank has emerged as the winner of a huge auction of CLOs and other asset-backed securities this morning

Timing of CLO b-wic puzzles market participants
A huge CLO bid list scheduled for Friday (10 March) represents part of the liquidation of a CDO of ABS, according to Creditflux’s sister intelligence service Debtwire ABS