CLO Monthly Monitor
CLO tranches were positive in November with BB the outlier, as carry offset price softness and spreads bifurcated with compression across investment grade tranches and widening lower in the capital stack.
CLO Monthly Monitor
CLO tranches were positive in November with BB the outlier, as carry offset price softness and spreads bifurcated with compression across investment grade tranches and widening lower in the capital stack.
We believe credit offers some of the best opportunities in fixed income. The Little Book of Credit explains why.
Request Print Edition
The majority of CLO tranches delivered positive total returns in November, with the J.P. Morgan CLOIE Index reporting returns of +0.39% (AAA), +0.42% (AA), +0.43% (A), +0.53% (BBB), and -0.10% (BB). The loan asset class generated positive performance during the month, although rate movements continued to be a headwind leading into the final Federal Open Market Committee meeting of 2025.