Top Educational Articles Since 2025
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.
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.
Looking at CLO BB tranches traded via BWICs since 14 April 2026, the table 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. DMs for top-tier bonds ranged from 499 to 692 bps, mid-tier bonds from 553 to 853 bps, and lower-tier bonds from 597 to 935 bps.
Just as the first signs of spring draw people out into the streets, an improving trading backdrop, combined with post-April payment dates, brought a wave of equity tranches into BWIC last week, with every tranche trading with released covers.
Just as the first signs of spring draw people out into the streets, an improving trading backdrop, combined with post-April payment dates, brought a wave of equity tranches into BWIC last week, with every tranche trading with released covers.
Looking at CLO BB tranches traded via BWICs since 14 April 2026, the table 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. DMs for top-tier bonds ranged from 499 to 692 bps, mid-tier bonds from 553 to 853 bps, and lower-tier bonds from 597 to 935 bps.
