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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October CLO Market Trends
November 9, 4 PM EST / 1 PM PST
November CLO Market Trends
December 7, 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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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.
Key takeaways from August
- CLO new issue volumes rise to $11.5 BN
- Long-duration deals dominate August issuance
- New issue CLO AAAs are at 165-220 bps
- US BWIC volumes increase to 5.7 bn, highest posted volume YTD
- Share of BWICs in TRACE increases to 17%
- TRACE shows 8 days > $1BN
- Dealers maintain small positive inventory in August
- 45 CLO equity trades, 34 showed color; median IRR is 25.1%
Guest Speaker
Palak S. Pathak & Drew Sweeney
TCW Group
Key takeaways from July
- US BWIC volumes at LTM average
- US BWIC IG volumes take up 81% of the total
- TRACE shows 4 days > $1BN
- Dealers Maintained Their Net Secondary Positions
- BWIC % in TRACE increases for both HY & IG
- CLO Equity: 21 trades, 14 showed color, June median IRR is 20.59%
- New issue volumes close to LTM lows, at $5.1 BN
- Lowest LTM Primary Volume, no short deals in June
- New issue AAAs are at 180-190 bps
Guest Speaker
Amir Vardi
Credit Suisse Asset Management