Secondary supply issues

Secondary supply issues

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Demand is increasing but not yet met by supply

Traders report an increased appetite for European CLOs in the secondary market, but the sector remains hampered by the lack of supply. However, the introduction of the Bank of England's Special Liquidity Scheme is expected to have a positive effect on the situation.

"There has been an increase in potential buyers sniffing around the market, but no real supply," confirms Alex Mallinson, secondary CDO trader at RBS in London.

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