Looks like the corporate back rate lending CLOs imploding

[wellington]

Will make 08 look like a picnic

 

[MarkT]

Care to back that up with some more details?

 

[HardRJones]

I’ve been waiting for this for a couple of years. Do you have a source on why you think this is imminent?

 

[wellington]

I’ve been waiting for this for a couple of years. Do you have a source on why you think this is imminent?

Watching BB Terminal, Terminal etc.

Interestingly noticed each time LIBOR-SOFR Spread v BBB, CCC, AAA, AAB, ABB, BBC, BCC etc goes out of whack.. Fed/Treasury (etc) starts doing some YCC (track that in Terminal) but not seeing them do currently.

 

[wellington]

Note i've tracked roughly 9.7t$ last year issued, 3.1T$ is directly at risk (current).