CLO Monthly Monitor
CLO performance was positive in October as carry more than offset price softness and spreads widened across most of the capital stack.
CLO Monthly Monitor
CLO performance was positive in October as carry more than offset price softness and spreads widened across most of the capital stack.
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CLO tranches delivered positive total returns in October, with the JP Morgan CLOIE Index reporting returns of +0.37% (AAA), +0.42% (AA), +0.43% (A), +0.32% (BBB), and +0.06% (BB). The loan asset class generated positive performance during the month, but relative to credit peers, was mid pack as investment-grade and high-yield corporate bonds generated total returns of 0.38% and 0.16%, respectively.