Who Owns U.S. CLO Securities? An Update by Tranche

Emily Liu, Laurie Pounder DeMarco and Tim Schmidt-Eisenlohr
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Laurie Pounder DeMarco: https://www.federalreserve.gov/econres/laurie-pounder-demarco.htm

No 2020-06-25, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Against the backdrop of the COVID-19 crisis, leveraged loans have deteriorated and concerns about CLOs, the main buyers of loans on the secondary market, have increased. These concerns have reduced the demand for new CLOs, making it harder for firms to borrow through leveraged loans on the primary market, as banks have found it more difficult to sell loans on the secondary market.

Date: 2020-06-25
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2020-06-25

DOI: 10.17016/2380-7172.2592

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