USD CLO AAA

$50m of flow with little movement in spread direction, US LSTA 100 Index +4bp dod.  AAA trade 99dm-125dm with benchmarks 122dm-125dm (AAA Index 122dm).

USD CLO Mezz/Equity

With month end only a trickle of 5 mezz trades today which are mostly non benchmarks.  US LSTA 100 Index +1bp dod.  A and BBB both trde widde of their Index levels for a variety of reasons - post reinvestment, low MVOC, high coupon profiles.  A Index 187dm and BBB Index 305dm.

USD CLO AAA
$390m of flow, spreads stable, US LSTA 100 Index -4bp dod.  AAA trade 108dm-140dm with one benchmark SIXST 2021-18A A1R cover 124dm / 5.9y WAL - MVOC 159, coupon +125bps, ADR 0.3 and Sixth Street managed (AAA Index 123dm).

USD CLO Mezz/Equity

Most of the flow in AA and BB today, AA trade 141dm-192dm with benchmarks 157dm-167dm (AA Index 164dm).  BB trade 516dm-931dm with one benchmark ARES 2019-51A ER2 cover 665dm / 8.3y WAL - 104.5 MVOC, Ares managed, ADR 0.8, coupon +625bps (BB Index 629dm).

USD CLO AAA

$128m of flow today, first since the holiday weekend.  US LSTA 100 Index +10bp dod.  AAA CLOs are non benchmarks with little impact on the Index level 123dm.

USD CLO Mezz/Equity

Few in the way of benchmark trades, but at the AA level there were some.  AA trade 160dm-196dm with benchmarks trading 160dm-165dm (AA Index 164dm).

USD CLO AAA

$66m of flow today, spreads flat.  US LSTA 100 Index -1bp dod.  AAA benchmarks trade 122-124dm (AAA Index 123dm).

USD CLO Mezz/Equity

BBs that traded today are all non benchmarks in trading range 557dm-823dm with an array of profiles (weaker manager, low coupon, low MVOC to benchmark) with BB Index 630dm.

USD CLO AAA

$78m of flow today across the capital stack, US LSTA 100 Index -1bp dod.  AAA non benchmarks trade 102dm-116dm (low coupon profiles).

USD CLO Mezz/Equity

BB dominates the flow, trading range 481dm-856dm with one benchmark OAKC 2015-12A ER2 covers 629dm / 7.8y WAL - Oak Hill managed, EoRP 2029, MVOC 105.2, coupon +625bps and 0.3 ADR (BB Index 630dm).

USD CLO Mezz/Equity

$28m of flow, spreads slightly softer.  US LSTA 100 Index -5bp dod.  BBBs and BBs are all non benchmarks, BBB trading 286dm-493dm (BBB Index 307dm) and BB trading 635dm-750dm (BB Index 629dm).

USD CLO Mezz/Equity

Markets have a softer feel to them today, US LSTA 100 Index -3bp dod.  Mezz trades are non-benchmarks for BBB and BB bonds (high coupon and low MVOC profiles accordingly).

USD CLO Mezz/Equity

1 x 10mm AA trade non benchmark today, US LSTA 100 Index -7bp dod.  AA trade is CGMS19-3.BR3 covers 151dm / 8y WAL - coupon is +145bps and MVOC 126.8 so dm is scaled inside the AA Index 164dm.

USD CLO AAA

$99m of flow with CLO spreads stable dod.  US LSTA 100 Index +19bp dod.  AAAs trade 123dm-127dm with the tight end of the range benchmark activity (AAA Index 122dm).

USD CLO Mezz/Equity

Majority of flow in BBs, trading range 485dm-966dm with benchmarks 609dm-646dm which is circled around our BB Index 624dm.

USD CLO Mezz/Equity

$72m of flow today, some rebalancing of BBB/BB spreads.  US LSTA 100 Index -2bp dod.  BBB and BB bonds are non benchmarks, Index levels are BBB 303dm and BB 624dm.

USD CLO AAA

Only $24m of flow today, spread remain firm, US LSTA 100 Index +2bp dod.  AAA trade 123dm-129dm with the tighter end where benchmark bonds trade (AAA Index 122dm).

USD CLO Mezz/Equity

4 x non benchmark BBs trade 649dm-1073dm given an array of profiles (high coupon, weak manager, low MVOC) with BB Index 622dm.

USD CLO Mezz/Equity

Just 1 x BB trade today, non benchmark.  USD LSTA 100 Index +6bp dod.  Index levels: AAA 123dm, AA 164dm, A 187dm, 303dm, BB 624dm, B 805dm.

USD CLO AAA

$266m of flow today, spreads stable on the day.  US LSTA 100 Index +6bp dod.  AAA trade 126dm-145dm with the majority non benchmark profiles and AAA Index 123dm.

USD CLO Mezz/Equity

Majority of flow in BB with a trading range 473dm-888dm and benchmarks 604dm-623dm (BB Index 625dm).

USD CLO AAA

$136m of debt flow today, some rebalaning on higher mezz spreads whilst the rest of the stack remains flat dod.  US LSTA 100 Index +12bp dod.  AAA trade 123dm-143dm with benchmarks 123dm-127dm (AAA Index 123dm).

USD CLO Mezz/Equity

AA trade 166dm-176dm with benchmarks 166dm-168dm (AA Index 164dm) whilst there was considerable flow in BB with a trading range 594dm-798dm with one key benchmark trade AGL 2024-29A ER covers 622dm / 9.9y WAL - EoRP 2031, MVOC 104.6, ADR 0 and coupon +637bps, managed by AGL (BB Index 625dm).

USD CLO AAA

$156m of debt flow today, spreads remain stable.  US LSTA 100 Index +5bp dod.  AAA trade 126dm-150dm wide of the AAA Index 123dm given manager profile/higher coupon profile bonds.

USD CLO Mezz/Equity

Majority of flow in Single-A and BB bonds, little in the way of benchmarks given bond profiles.  Index levels are AA 162dm, A 188dm, BBB 304dm, BB 625dm and B 806dm.

USD CLO AAA

2 x AAAs trade today, coupon profiles in the higher percentile (+136bps) and the trading level for NEUB 2017-26A AR2 is 134dm versus our AAA Index 124dm.  US LSTA 100 Index +1.15% on prior month end.

USD CLO Mezz/Equity

Majority of flow is in BBs today, trading range 562dm-851dm with one benchmark GALXY 2022-30A ER covers 626dm / 8.6y WAL - EoRP 2030, MVOC 104, ADR 0.78, Pinebridge managed with coupon +590dm (BB Index 627dm).

USD CLO Mezz/Equity

$19m of trades across 6 x BB bonds, spread tone is flat/firm with US LSTA 100 Index -5bp dod.  BBs trade 503dm-737dm with few benchmarks, BB Index unchanged 628dm.

USD CLO AAA

Just 2 x AAA trades for $15 of notional today, a slightly tighter theme whilst US LSTA 100 Index +2bp dod.  1 x AAA benchmark MLFPK 2022-1A AR covers 126dm / 3.8y WAL - EoRP 2030, Blackstone managed, ADR 0.09, MVOC 146 versus AAA Index 124dm.

USD CLO Mezz/Equity

$27m of BB debt flow today, spreads are tighter.  BB trade 502dm-745dm with BB Index 629dm.

USD CLO Mezz/Equity

$98m of flow today in AA/A with a tightening tone, US LSTA 100 Index +30bp on last CLO trading day 16th.  AA Index shifts tighter to 164dm and Single-A Index 191dm based upon execution levels.