Arbitrage This
While yields for middle market loans have generally contracted over the past four years, the cost of triple-A liabilities for middle market CLOs has been range-bound at L+175, about 25-50 bps higher than their BSL equivalents.
MM Loans vs. MM CLO AAA Spreads
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US leveraged loan launches reach five-month high in September
October 7, 2026
The US leveraged loan market recorded $93.6b of launches in September, marking the busiest month of primary market activity since…
Information technology topped nonaccruals on a cost basis
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The information technology sector moved from second place in the first quarter to the top of the list in the second quarter
