CLO January deal action quiet; high-grade CLO secondary market volume climbs

By Cristal Cody

Eureka Springs, Ark., Jan. 5 – The CLO primary market remains fairly quiet in 2017 with no reported issues in the deal pipeline, while secondary trading in high-grade CBO/CDO/CLO issues continues to climb in the first week of the year.

On Wednesday, high-grade trading volume rose to $296.6 million from $74.4 million on Tuesday, according to Trace.

The previous session also saw $154.42 million of non-investment-grade securities trade, up from $70.5 million traded on Tuesday.

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