BWIC Highlights: BSL CLO AAA Term Curve Slopes Upward, Unaffected by Manager Tiering

Between 8 and 12 August, more than 10 BSL CLO AAA tranches still within their non-call periods changed hands, with every bond trading above par. The graph below shows that, across bonds managed by managers of all tiers, discount margins (DMs) to call rose in step with weighted average lives (WALs) to call, forming an upward-sloping term curve.

For existing premium subscribers, please log in here.

If you'd like to find out more about premium subscription, please submit the form below:

Name *

First

Last

Email *

Comment or Message *

CLO Research is committed to protecting and respecting your privacy, and we’ll only use your personal information to administer your account and to provide the products and services you requested from us. From time to time, we would like to contact you about our products and services, as well as other content that may be of interest to you. If you consent to us contacting you for this purpose, please tick below to say how you would like us to contact you:

I agree to receive other communications from CLO Research.

You can unsubscribe from these communications at any time. For more information on how to unsubscribe, our privacy practices, and how we are committed to protecting and respecting your privacy, please review our Privacy Policy.

By clicking submit below, you consent to allow CLO Research to store and process the personal information submitted above to provide you the content requested.

Tags:AAA

BWIC Highlights: BSL CLO AAA Term Curve Slopes Upward, Unaffected by Manager Tiering

For existing premium subscribers, please log in here.

If you'd like to find out more about premium subscription, please submit the form below:

Recommended For You

Average AAA WALs in 2018 US BSL CLOs Come in Below Modelled Levels

AAA WALs: How 2017–2018 CLO Deals Diverged from Modelled Expectations

AAA Investors Benefit as RRE 1 CLO Resets at 130 bps

Static Primary vs Secondary: Palmer Square’s 93 DM AAA in Focus

Reset AAA Prints at 125bps: Cheapest vs. Most Expensive

OHA Sets Market-Tight AAA at 126 bps—But Delivers Strongest Value

US BSL CLO AAA Spreads Remain Elevated

Top-Tier Primary US BSL CLO AAA Spreads Continue to Drift Wider

Secondary US BSL CLO AAA: Top-Tier Print at 150a

Search

BWIC Highlights: BSL CLO AAA Term Curve Slopes Upward, Unaffected by Manager Tiering

For existing premium subscribers, please log in here.

If you'd like to find out more about premium subscription, please submit the form below:

You Might Also Like

Recommended For You

Search

Tag Cloud

CLO Research Group Limited