CLO Monthly Monitor
CLO performance was positive across the board in July as carry drove total return.
The Little Book of Credit
CLO performance was positive across the board in July as carry drove total return.
We believe credit offers some of the best opportunities in fixed income. The Little Book of Credit explains why.
CLO performance was positive across the board in July as carry drove total return while spread movements were bifurcated with modest widening in the investment grade tranches and tightening in the BB tranche.
The loan asset class generated positive performance as robust risk appetite was a tailwind in July. Relative to credit peers, loan performance outpaced the +0.45% and+0.07% total returns of high yield and investment grade corporate bonds respectively, as rising U.S. Treasury yields largely offset spread compression.