Mezzanine CLOs feel pain amid fears of increased secondary supply
Last week saw a handful of CLO b-wics hit the secondary market with predominantly junior positions on the line. However prices have failed to improve on recent levels

CLO prices stumble as secondary market volumes dry up
CLO prices have continued to fall over the last seven days according to the CFlux indices with only the index for CLO equity recording an increase

Credit funds put in strong half-year performance
The first half of 2011 saw some spectacular returns in certain credit hedge fund categories

Fixed rate CLO tranche defies slumping mezzanine prices
Mezzanine CLO paper was on the block yesterday with one item at the receiving end of considerable interest.

Corporate defaults rise on retail woes
June’s default total of $1.05 billion was nearly double that seen in May

Mezzanine CFlux indices stumble after b-wic supply slows down
CLO supply in the secondary market dwindled last week in the face of falling CLO prices. Investors are now showing a growing reluctance to trade these assets

Demand for CLO mezz dries up in the secondary market
A four item CLO b-wic went ahead yesterday featuring mezzanine bonds that have been relatively liquid in the secondary market this year

CFlux CLO equity index drives past mezzanine indices
Prices for CLO equity have now overtaken that of some of the CLO junior debt tranches, that’s according to the latest set of CFlux indices

Record CLO equity bid pushes CFlux equity index forward
CLO equity was the big winner in a week of limited trading in the secondary market.

CFlux indices stabilise as supply slows down
Last week was a relatively quiet one for CLO traders in the secondary market as sellers retreated from the market with both Passover and Easter festivities taking place

Investors target CLO equity as market springs to life
The floodgates have well and truly opened in the secondary CLO market. Eight b-wics went ahead yesterday with at least another seven expected for today

Mezzanine CFlux indices continue to fall amid secondary CLO scarcity
Secondary CLO market volumes have dropped off sharply over the last seven days and supply of US CLOs in particular has almost completely dried up

CLO mezzanine plummets in secondary market slowdown
This week’s set of CFlux indices shows that the price of mezzanine CLO paper is now back in the 70s for the first time this year

CLO investors draw blanks amid weakening trading levels
For the second time in the space of three days, a CLO trader in the secondary market has pulled the plug on a planned b-wic

Drop in European CLO prices hits secondary seller
Following on from last Thursday’s €50 million European CLO b-wic, a second large scale European CLO auction, this time totalling just short of €30 million, was held yesterday

CFlux indices show that mezzanine CLO prices are first to fall
The slump in CLO prices was evident once again last week and the mezzanine tranches seem to be most affected

CFlux indices drop again as CLO trading levels weaken
A real lack of trades in the secondary market over the past week has meant that CLO prices have slipped lower for the second consecutive week

Secondary CLO prices falter amid heavy supply
CLO b-wic volumes surpassed the $1 billion mark for the second consecutive week as a fresh wave of CLO paper hit the secondary market last week.

CLO equity distributions boost listed structured credit fund
A CLO fund ended 2010 with a strong 4.6% increase in net asset value