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Activity light in CLO secondary; CLO spreads mostly unchanged across capital stack
By Cristal Cody
Tupelo, Miss., Sept. 26 – The CLO secondary market is seeing some action, while spreads remain mostly unchanged in September, according to market sources.
On Monday, $22.2 million of high-grade CBO/CDO/CLO issues and $86.56 million of lower-rated securities were traded, Trace said.
CLO spreads have been mostly unchanged over the month, sources report. AAAs are in the Libor plus 110 basis points area, while BB tranches have traded in the Libor plus 550 bps area.
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