USD CLO AAA

$582m of flow with the majority of it in AAAs, US LSTA 100 Index -5bp dod, AAAs trade 123dm-178dm with benchmarks 130dm-134dm (AAA Index slightly wider 129dm).

USD CLO Mezz/Equity

Little in the way of benchmark profiles but a weaker tone nonetheless in BBs, trading range is 663dm-751dm for largely non-benchmarks (mostly high coupon profiles) with our BB Index now 656dm.

USD CLO AAA

$42m of flow today AAA, BBB and Equity, spreads are wider, US LSA 100 Index -28bp dod.  1 x AAA high coupon PKBLU 2023-3A A1R covers 148dm / 5.2y WAL - EoRP 2030 / high coupon +148bps wide of AAA Index 127dm.

USD CLO Mezz/Equity

2 x BBB non benchmarks trade 454dm-495dm iven MVOC profiles are in 105 context wide of market averages nearer 109-110.  BBB Index 320dm.

USD CLO Mezz/Equity

$55m of BBB/BB flow today with spreads a shade tighter, US LSTA 100 Index +13bp dod.  BBB trade 293dm-450dm with benchmarks trading 315dm range right on our BBB Index 315dm.  BB trading 642dm-808dm with no benchmarks (BB index 624dm).

USD CLO Mezz/Equity

Only $20m of trades today, all BBB with spreads softer.  US LSTA 100 Index is -1.16% on last CLO trading day 20th.  BBB trade 278dm-363dm with benchmarks 315dm-331dm (BBB Index 316dm).

USD CLO AAA
Senior Spreads slightly firmer whilst subIG remains flat/softer.  US LSTA 100 Index +3bp wow.  AAAs trade 119dm-152dm with benchmarks 123dm-126dm (AAA Index 124dm).

USD CLO AAA

$55m of flow, spreads have a slightly soft feel, US LSTA 100 Index -3bp dod.  AAA benchmarks trade 120dm-125dm (AAA Index 125dm).

USD CLO Mezz/Equity

1 x AA and 3 x BBB trades only today, with one benchmark BBB MKTST 2025-2A D1 covers 327dm / 9.1y WAL (EoRP 2027, Macquarie Cap managed, MVOC 112.5 and coupon +325bps) with our BBB Index 311dm with this bond slightly wider given the novelty of the manager.

USD CLO Mezz/Equity

$54m of flow today, spreads softer, US LSTA 100 Index +3bp dod.  BB trade 463dm-698dm with benchmarks 610dm-616dm with BB Index now 613dm.  BBB trades are all non benchmark profiles.

USD CLO Mezz/Equity

US LSTA 100 Index -1bp dod and only 1 x non benchmark BB trades today so spreads unchanged.

USD CLO Mezz/Equity

Only $27m of lower mezz clips that trade today, US LSTA 100 Index +9bp on Friday close.  The majority of trades are in BBB bonds with a trading range 361dm-653dm with profiles post reinvestment or low MVOC (<108) so trade wide of the BBB Index 307dm.

USD CLO AAA

$209m of flow with a slightly tighter tone to end the week, US LSTA 100 Index +18bp dod.  AAA trade 109dm-125 with benchmarks 120dm-125dm (AAA Index 124dm).

USD CLO Mezz/Equity

Most of mezz activity today is in BBs with a trading range of 616dm-769dm with benchmarks 616dm-618dm (BB Index 612dm), at the tight end is EMPWR 2023-2A ER covers 616dm / 9.6y WAL - Empower managed, EoRP 2030, MVOC 106, coupon +560bps.

USD CLO AAA

$59m of flow today, softer feel to spreads with US LSTA 100 Index -31bp since month end.  1 x AAA trade today APEXC 2025-13A A2 covers 172dm / 7.1y WAL - 2nd pay profile. 

USD CLO Mezz/Equity

AA, BBB and BB flow today with the only benchmarks at the AA end.  AA trade 165dm-211dm with benchmarks 165dm-166dm (AA Index 166dm) for total 3m of clips.

USD CLO Mezz/Equity

$31m of flow today with a firmer tone on spreads, US LSTA 100 Index +48bp dod.  Majority of flow is in BB bonds, trading range 610dm-806dm with one benchmark at the tight end - GCBSL 2022-60A ER covers 610dm / 5.1y WAL - Golub managed, EoRP April this year, MVOC 105, coupon +600bps (BB Index 612dm).

USD CLO AAA

$21m of flow today, muted given month end and softer markets.  US LSTA 100 Index -42bp dod, AAA trade 94dm-148dm with no benchmarks (AAA Index 125dm)

USD CLO Mezz/Equity

AA, A and BB flow today in non-benchmark profiles with a softer feel all round.  Mezz Index levels are AA 167dm, A 194dm, BBB 309dm, BB 617dm and B 792dm.

USD CLO AAA

$69m of flow today, market remains a softer tone, US LSTA 100 Index -20bp dod.  AAA trade 117dm-153dm with benchmarks trading around our AAA Index 123dm.

USD CLO Mezz/Equity

Single-Bs dominated the mezz flow, with 4 x trades in a 738dm-787dm range with benchmarks 775dm-787dm (Single-B Index 780dm).

USD CLO AAA

$32m of flow across the stack in smaller size, some continued softening, US LSTA 100 Index -35bp on last Friday close.  AAA benchmarks trade 122dm-126dm with AAA Index 122dm.

USD CLO Mezz/Equity

Few benchmarks trade across BBB and BB given profile of bonds, BBB Index 300dm and BB Index 605dm.

USD CLO Mezz/Equity

Just one trade today, a non-benchmark BB clip 3m CAVU 2019-1A ER covers 615dm / 6.8y WAL (EoRP 2028, MVOC 104.4, coupon +600bps) trades slightly back to our BB Index 603dm given MVOC is a touch low and manager profile is quite new.

USD CLO AAA

$27m of flow, spreads slightly softer, US LSTA 100 Index -8bp dod.  AAA trade 121dm-127dm with the tighter end a benchmark bond - CGMS 2023-3A A1R covers 121dm / 6.2y WAL (MVOC 152.85, coupon +123bps and Carlyle managed) with AAA Index 121dm.

USD CLO Mezz/Equity

BBB and BB trade today with non benchmarks dominating, BB trade 474dm-738dm (BB Index 602dm) with profiles a mixture of low coupon, high coupon and weaker managers driving levels off the Index.

USD CLO Mezz/Equity

$50m of flow tody, all non-benchmark BBB and BB, no movement in spread direction.  US LSTA 100 Index +1bp dod.

USD CLO AAA
$105m of flow, US LSTA 100 Index -12bp dod, spreads a touch softer, 1 x benchmark AAA MUZ88 2023-2A A1R covers 124dm / 5.9y WAL - MVOC 151, coupon +120bps, Muzinich managed (AAA Index 120dm).  MM CLO bonds trade 161dm-162dm.

USD CLO Mezz/Equity

The vast majority of flow is in BBs, non benchmarks (low coupon profiles) that trade 459dm-541dm (BB Index 601dm) with coupons <525bps.

USD CLO AAA

$99m of flow tody post holiday weekend, US LSTA 100 Index +5bp with spreads flat, AAA trading in high coupon profiles 140dm-147dm wide of our AAA Index 119dm.

USD CLO Mezz/Equity

Similar story with mezz, only a few x AA trades, high coupon profiles trading 166dm-266dm wide of our AA Index 159dm.

USD CLO Mezz/Equity

$41m of flow of non benchmark mezz bonds, US LSTA 100 Index +4bp dod.  Single-A through BB flow today with profiles all non-benchmarks, Single-A Index 183dm, BBB Index 295dm and BB Index 599dm.