C-level guest
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Monthly CLO
Market
Trends
Webinars
Join us at webinar as we bring together leaders from across the structured credit marketplace. Even if you can’t attend live, we encourage you to register to receive a link to the on-demand recording
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May CLO Market Trends
June 11, 4 PM EST / 1 PM PST
June CLO Market Trends
July 8, 4 PM EST / 1 PM PST
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Each month KopenTech provides a complete picture of trends
and activity for the CLO market
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You will receive the replay the day after the broadcast of the monthly webinar. Even if you cannot attend, please register in order to receive a replay link.
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Get full current data from the CLO market and performance: BWIC/TRACE volumes, DNT rates, dealer’s inventory, new issues, prices across the stack, and more. Discover perspectives and analysis on the trading activity, market health indicators and trends that shape the CLO market.
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Explore monthly highlights and commentary from our experts and buy-side professionals. Gain a complete view of the CLO market takeaways at a glance.
Read full reportPrior webinars
KopenTech has partnered with Fixed Income Investor Network (FIIN) to provide market commentary and analysis by senior industry practitioners. Market experts’ participation offers valuable insights into the CLO industry trends.
March 2024 CLO Market Trends
- New issue volumes fall to 15Bn from LTM highs, but still strong
- Refis and resets dominate CLO issuance (56% of total)
- New Issue AAA spreads settle in the 150-165 bps range
- Strong secondary: 64Bn in Q1 TRACE volume, up 35% YoY
- The share of traded US BWICs improves to 65%
- Heavy trading days now common: TRACE shows 10 days > $1BN
- CLO prices across the capital structure are unchanged
- March halts broker-dealer balance sheet expansion
Guest Speaker
Michael Shinners
Allspring Global Investments
February 2024 CLO Market Trends
- New issue volumes continue to rise, highest in LTM
- Short-dated deals rise to 14% of total issuance
- New issue AAAs are getting tighter to 148 bps
- DNT% declines in US BWICs
- HY and IG BWIC share in TRACE volumes flips again
- Large volume days persist: TRACE shows 10 days > $1BN
- February shows dealers are still buying: $554 mm purchased
Guest Speaker
Milton Bonellos
CIBC