Junior CLOs feel the pain as prices plunge
Junior CLO notes took the brunt of the punishment as the secondary CLO market softened last week.

CLO mezz b-wic highlights spread differential in primary and secondary CLOs
A $37.1 million mezzanine CLO auction yesterday gave an insight into secondary market junior CLO spreads.

Secondary investors snap up a selection of mezzanine CLOs
A CLO investor yesterday traded out of a set of mezzanne CLOs through an $18.8 million bids-wanted list. The b-wic featured a variety of bonds - reflected in the range of bids that were made

Investors turn to CLO double Bs as spreads continue to tighten
Tightening secondary junior CLO spreads resulted in a number of double B CLO b-wics last week, say market sources.

Investor sells out of European CLO double-As
Bids for a four-item European CLO b-wic were due yesterday as an investor looked to ship out European CLO double-As

Mezzanine b-wic highlights CLO recovery in 2012
A buoyant CLO market has led to an active month of secondary trading in February

Nervy investors jump back into credit options market
March and April implied vol rises

Record bids drives CLO equity index to a recent high
Secondary market supply of CLOs surged passed $1 billion over the last seven days in one of the most eventful weeks of secondary trading

CLO equity bids hit a new record as b-wic volumes soar
Bids for CLO equity hit new levels as b-wic volumes remain strong for a second consecutive day

CLO investors flock to the secondary market on action-packed day
The secondary CDO market was sent into a frenzy yesterday after $550.7 million of CLO paper went under the hammer.

AMR becomes latest low recovery despite dealers' short position
Dealers set a final settlement price of 23.5 for credit default swaps written on American Airlines’ parent yesterday

Secondary CLO prices begin to climb as year-end nears
Secondary CLO prices continue to rally and this week’s set of CFlux indices show an improvement across the board for CLO debt tranches

Secondary market sellers kick back bids as CLO prices rise
In the aftermath of this week’s two CDO liquidations, several other CLO sales have been arranged and investors are said to be keen to snap up mezzanine bonds but trading levels have been low.

Traders bet Kodak will survive – for now
Eastman Kodak’s CDS spreads rallied sharply in mid-November, as traders changed their outlook and began to bet that a default would not occur before the new year at least

European CLO managers prepare for end of year spending spree
European CLO managers believe the final months of this year could present a golden opportunity for buying loans

Bids fall short as a $180 million CLO b-wic hits the market
A large $180 million CLO b-wic closed yesterday to help lift secondary market supply following a slow start to the month

Dealers quote low recovery as Kodak denies bankruptcy rumours
Credit derivative traders are betting that if Eastman Kodak defaults, it will recover low

€4.2 billion Nycomed prepayment will swell the coffers of CLO managers
European CLO managers are set to see an increase to their cash balances as Nycomed, the Swiss pharmaceutical company, prepays €4.2 billion of its outstanding debt later today