Rise in BBB fixed-rate CLO tranches in US overtake AAs—Barclays
CLOs tend to prefer floating rate assets, but the percentage of fixed-rate BBBs have ticked up since January 2024

Fed cutting cycle could decrease demand for CLOs—Barclays
Rate cuts present a slight headwind for nominal CLO demand but should be more neutral for spreads and supply, a recent credit strategy research report says; could be boost for CLO equity

Macro picture is the biggest risk for credit – Barclays' Brad Rogoff
PODCAST: The Federal Reserve "will move ahead" with a September rate cut, predicts Barclays' head of global research in the latest Credit Exchange podcast with Lisa Lee recorded last Thursday

Trio of new US issues from Barings, Birch Grove and UBS
US CLO issuance continues to run at a steady pace, with similarly-priced new issues printing over the past couple of days

Shenkman affiliate Romark prices year's first CBO
The deal follows a similar issue last July - itself the first new CBO priced in over two years

PIMCO prices first new CLO of 2025
The USD 442.3m transaction followed three refinancings from the manager in the first half of the year

Fidelity prints its first new US BSL CLO for the year
The issue is the second new CLO to price from the manager since Fidelity Investments agreed to purchase the European arm of Fidelity International’s CLO and structured product business late last year

AGL prices triple As at 130 with new US issue
The deal also included notably tight double As, which priced just five basis points wide of the junior triple A paper

Former Barclays CLO head John Clements joins MUFG
The Japanese bank has appointed him as their head of CLOs, based in New York

Uncertainty challenges credit underwriting but deal making continues
Panelists at the annual Milken Institute Global Conference this week said the environment is more favorable than many initially expected post 2 April

CIFC’s latest new US CLO prices senior triple As at SOFR plus 135bps
The deal is the manager’s tenth US CLO pricing so far this year

Diameter prints second new US CLO this year
The triple A spreads came in 14bps wider than for the manager’s first deal of the year in January

Trimaran resets, upsizes 2022-vintage US BSL CLO
Adding USD 81m to the debt stack, the deal also restructured the CLO on a 2Y/5Y timetable

New Canyon CLO sees mezz spreads print wide of guidance
The BSL transaction was the first new US issue of the year from the manager  

Ex-Barclays senior CLO banker heads to Japanese bank
EXCLUSIVE: In a bout of musical chairs, a senior CLO banker formerly in the US arm of Barclays finds a new home at a smaller arranger

Apollo sets fresh triple-A low with latest print in Europe
Compared to the manager’s European deal last month, the cost of funding was 13bps lower  

Canyon knocks 107bps off AAAs with 2022-vintage reset
The reset of Canyon CLO 2022-2 priced the top of the stack at SOFR plus 118bps  

Aegon, CVC and Anchorage price BSL CLO resets
Aegon, CVC and Anchorage all reworked US CLOs, with the triple As printing between 120bps and 123bps over SOFR  

Spreads move lower as BlackRock CLO reset hits triple-A of 124
BlackRock has priced a second reset of a deal that has maintained a historically low cost of funding    

Silver Point resets, upsizes first BSL deal of 2024
Silver Point has repriced a CLO slashing almost 130bps off the deal’s total weighted cost of debt  

Generate hits USD 6 billion in 2024 issuance with its latest new BSL CLO
Generate Advisors has eturned to the primary-market, printing a new US BSL deal called Generate CLO 20 arranged by Barclays.

Fidelity’s Ballyrock CLO 15 gets reset and equity upsize
Fidelity Investments, working through its CLO-management subsidiary Ballyrock Investment Advisers, has reset a US BSL deal from 2021 via Barclays   

PineBridge resets US BSL CLO Galaxy 30
PineBridge Investments printed a reset on Monday of Galaxy XXX, a 2022 vintage deal backed by broadly syndicated loans

40/86 Advisors prices first CLO transaction in six years
The Indiana-based manager had four existing CLO 2.0-era deals currently under management before the pricing of a new USD 306m US BSL CLO

CIFC resets 2020 vintage CLO
CIFC's 17^th reset of a US BSL-backed CLO was of CIFC Funding 2020-IV in a USD 414.00m deal arranged by Barclays