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Start the week - 26 November

Category: ABS CLOs CMBS

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A review of securitisation activity over the past seven days

Market commentary

US CLO equity and double-B bonds were casualties of last week’s drop in the S&P 500 index, with bids softening across the secondary market (SCI 21 November).

“A handful of CLO equity and double-B bonds were out for the bid and did not trade,” said a trader. “There was some clear hesitation in the market compared with a week ago.

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