10/22/2013

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."

Related Summaries