CLO Spreads Take Cues From Macroeconomic Concerns

October 27, 2008

CLO market participants at the Information Management Network's 14th annual ABS East conference in Hollywood, Florida last week expressed confidence in the sector's long-term performance, despite the currently depressed spreads. With triple-A CLO spreads at 500 to 600 basis points, double-A spreads at 800 to 1,000 basis points and single-A spreads at 1,000 to 1,500 basis points, pricing has begun to factor in macroeconomic uncertainties, panelists agreed.

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