Showing posts with label AAA tranches. Show all posts
Showing posts with label AAA tranches. Show all posts
Monday, May 26, 2014

Spreads on AAA CLO tranches not budging

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Top rated investment grade US corporate bonds now trade at or even below pre-recession levels. Depending on the maturity and the type of i...
Sunday, August 12, 2012

The CLO market - then and now

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After a conversation with Ed Grebeck (Tempus Advisors), I thought it may be helpful to do a quick overview of the evolution of Collaterali...
Thursday, February 23, 2012

Why CLO managers continue to struggle

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By all accounts the CLO business should be going well . Some $3.3 billion of new CLO deals have been done this year already as compared t...
Monday, January 9, 2012

3 observations about the AAA CLO market

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Here is followup to a recent post on the proposed draconian capital rules for banks holding AAA CLO paper.  Any regulation, whether it...
Friday, September 18, 2009

Rating agencies under fire

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The rating agencies are now taking hits from every direction. The Big Three are becoming increasingly focused on trying to defend themselves...
Saturday, August 22, 2009

CMBS TALF is starting to ramp up

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In our previous discussion on CMBS called CMBS balloon risk looming , we covered the refinancing risk for commercial mortgages. These mo...
Monday, August 17, 2009

CLO tranches follow the leveraged loan rally

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The recent rally in leveraged loans is making it's way into the secondary CLO market. In the dark days of late 08 - early 09, secondary ...