CLO Research

Since early 2025, the three educational articles below have collectively garnered over 7,500 views, underscoring continued interest in succinct, practical and relevant CLO content.

Looking at US BSL CLO BB tranches traded via BWICs since 14 April 2026, the graph below summarises DM cover levels (or best levels where DNT), grouped by manager tier and MVOC range for deals with reinvestment periods ending in 2029–2031.

This file tracks reported WAS trends across 66 European CLO managers, with monthly data dating back to July 2013. Select up to ten managers from the dropdown menus to compare manager-level spread trends relative to peers and the market average over time.

This file tracks Net Interest Margin (collateral gross coupon minus weighted average CLO tranche coupon) trends across 131 US BSL CLO managers, with monthly data dating back to March 2013. Select up to ten managers from the dropdown menus to compare manager-level margin trends relative to peers and the market average over time.

This file tracks Net Interest Margin (collateral gross coupon minus weighted average CLO tranche coupon) trends across 66 European CLO managers, with monthly data dating back to July 2013. Select up to ten managers from the dropdown menus to compare manager-level margin trends relative to peers and the market average over time.

This file tracks reported WAS trends across 129 US BSL CLO managers, with monthly data going back to April 2013. Select up to ten managers from the dropdown menus, and the chart will instantly compare their spreads against each other and against the market average.