CLO primary market remains quiet; issues trade in securitized secondary market

By Cristal Cody

Eureka Springs, Ark., Jan. 4 – CLO pricing action remains slow to start the new year as expected, while secondary trading has been active, according to market sources on Wednesday.

The primary market is anticipated to be mostly quiet in the first few days of 2017, sources report.

Some action was seen in the securitized secondary market on Tuesday.

The session saw $74.4 million of investment-grade CBO/CDO/CLO issues and $70.5 million of non-investment-grade securities trade, according to the latest data available from Trace.

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