CLO 1.0, 2.0, 3.0…and Counting  Loan securitization managers are sprinting to print new vehicles ahead of implementation of risk retention rules which are likely to inhibit future CLO formation. Sources: Thomson Reuters… Subscribe to Read MoreAlready a member? Log in here...

Coming Attractions Lower interest rates have this year pushed cash into junk bond mutual funds and out of loan funds, though the velocity for both is slowing. Additional Sources: S&P, Forbes… Subscribe to Read MoreAlready a member? Log in here...

Oh, That Default The long-awaited default of Energy Future Holding’s$19.5 billion in loans, while pushing April’s figure by volume to 4.6% – a four-year high – is not expected to signal any change in analysts’ positive loan performance outlook.                … Subscribe to Read MoreAlready a member? Log in here...

Par for the Course  Softness in market technicals has driven loan prices for new-issue leveraged loan paper below par for the first time in six months, perhaps signaling better times for investors.     … Subscribe to Read MoreAlready a member? Log in here...

Taper Vapor The Fed’s continued reluctance to predict rate increases anytime soon, leaves Treasury yields range-bound while fixed income investors party on… Subscribe to Read MoreAlready a member? Log in here...