Euro CLOs experience continued compression

10/21/2013 | Structured Credit Investor (U.K.)

The European CLO market had a week of energetic trading with Bids Wanted in Competition deals becoming a key factor. "The BWICs have been steady, and there was one on Wednesday from a continental bad bank with a lot of double-A rated second-pay paper," one trader said. "The bonds on that list traded quite well, and there were some interesting names on it, such as Alpstar and Harvest."

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Structured Credit Investor (U.K.)

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