US CLO mezz pauses
Thursday 26 January 2017 15:14 London/ 10.14 New York/ 23.14 Tokyo
US CLO secondary market mezz rally is pausing for breath this week so far.
"Superficially it's still very active with a lot of paper coming in for the bid, but the volume of non-investment grade paper is half of what it was last week," says one trader. "Investment grade guys are still buying, but below that spreads are pretty much ... showing 60 out of 335 words of this article
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