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Margin Watch: YTD Shifts in Collateral Spreads by MM CLO Managers

It is encouraging to observe the year-to-date (YTD) upward trend in the reported collateral spreads for MM CLOs, based on reinvesting MM CLO deals. The inherent long-term, non-recourse funding nature of a CLO structure provides managers with an opportunity to navigate challenging environments and bolster their net interest margins during periods of volatility. PercentileYTD Change…

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