BWIC Market Commentary & Prices
24 Apr 2025
USD CLO AAA
$60m of flow today with bonds across the stack, spreads are firmer and US LSTA 100 Index +55bps dod. AAA bonds are all post reinvestment porofiles and trade 127dm-143dm (AAA Index 149dm).
USD CLO Mezz/Equity
A few trades at each rating level, 1 x benchmark 5m trade at the BBB end, ALLEG 2025-1A D1 covers 98.56 at 321dm / 9.1y WAL (EoRP 2030) - MVOC strong 110.6, bond coupon +295bps, ADR 0, Axa managed - we shift our BBB Index 343dm.