Investment-grade CLO securities trade; overall CLO secondary market active over week

By Cristal Cody

Tupelo, Miss., Nov. 30 – High-grade CLO securities have been active in the secondary market, while overall securitized trading has been moderate over the week, according to market sources on Thursday.

In the overall securitized market, $64.61 million of investment-grade CBO/CDO/CLOs and $96.91 million of lower-rated issues were traded on Wednesday, according to Trace.

During Tuesday’s session, $108.6 million of high-grade issues and $44.15 million of non-high-grade securities traded.

High-grade secondary market volume was strong on Monday with $177.86 million of investment-grade CBO/CDO/CLOs traded. The session also had $48.61 million of lower-rated securities trade.

Elsewhere in the primary market, new deal and refinancing action is expected to continue into December.

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