Capra Ibex
CLO Insider Newsletter: After Calm February, March's Banking Crisis Shakes CLO Market
By Mike Kurinets, Chief Investment Officer Banking Crisis Rattles CLO Market Before diving into our commentary about the CLO and...
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Capra Ibex
- Feb 22
- 8 min
CLO Insider January 2023: What Didn't Change When the Market Rallied
By Mike Kurinets, Chief Investment Officer Key takeaways from January: The leveraged loan market rose sharply in January: For most of...
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Capra Ibex
- Jan 31
- 7 min
CLO Insider Newsletter: 2022 Year in Review
By Mike Kurinets, Chief Investment Officer Key takeaways from December: The leveraged loan market sold off slightly in December: Though...
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Capra Ibex
- Jan 1
- 7 min
2023-2024 Leveraged Loan Default Forecast
By Daniel Miller, Chief Credit Officer. Our Forecast Forecast leveraged loan default rate of 3.8% in 2023 and 3.3% in 2024 (rates...
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Capra Ibex
- Dec 20, 2022
- 6 min
CLO Insider November 2022: CPI Report Sparks Market Rally
by Mike Kurinets, Chief Investment Officer. In this month’s CLO Insider, we explore how the leveraged loan and CLO markets responded to...
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Capra Ibex
- Nov 30, 2022
- 8 min
CLO Insider October 2022: Market Sees Signs of Relief
By Mike Kurinets, Chief Investment Officer. In this month’s CLO Insider, we explore the signs of relief that the CLO and leveraged loan...
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Capra Ibex
- Oct 25, 2022
- 6 min
CLO Insider September 2022: Macro Concerns Spark Market Sell-Off
by Mike Kurinets, Chief Investment Officer. In this month’s CLO Insider, we explore the sell-off in the CLO and leveraged loan markets...
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Capra Ibex
- Sep 28, 2022
- 4 min
CLO Insider August 2022: The Market Rally's Reversal
by Mike Kurinets, Chief Investment Officer. In this month’s CLO Insider, we explore how the CLO and leveraged loan markets reacted to...
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Capra Ibex
- Aug 29, 2022
- 5 min
CLO Insider July 2022: Recession Concerns Fade
by Mike Kurinets, Chief Investment Officer This month’s CLO Insider explores why the leveraged loan markets turned bullish in July after...
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Capra Ibex
- Jul 19, 2022
- 6 min
CLO Insider June 2022: Why the Market Rally Stalled
By Mike Kurinets, Chief Investment Officer This month’s CLO Insider explores the impacts of June’s CPI report and the Fed’s 75 bp rate...
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Capra Ibex
- Jun 22, 2022
- 1 min
US CLO's Are Piling Into Cheap Junk Bonds Adding Rates Risk
Bloomberg Law Read the article here: https://news.bloomberglaw.com/capital-markets/us-clos-are-piling-into-cheap-junk-bonds-adding-rates-...
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Capra Ibex
- Jun 8, 2022
- 5 min
CLO Insider May 2022: Making Sense of a Bearish Market
by Mike Kurinets, Chief Investment Officer This month’s CLO Insider explores how leveraged loan markets are reflecting growing concerns...
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Capra Ibex
- May 15, 2022
- 1 min
Recession Fears Overtake Rate Worries in Global Credit Markets
By Bloomberg Law Read the full article here: https://news.bloomberglaw.com/capital-markets/recession-fears-overtake-rate-worries-in-globa...
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Capra Ibex
- Apr 21, 2022
- 6 min
CLO Insider March 2022: CLO AAA Widening Surprises Market
By Michael Kurinets, Chief Investment Officer Widening AAA CLO Credit Spreads Fluster CLO Market Credit spreads on CLO AAAs abruptly...
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Capra Ibex
- Mar 29, 2022
- 6 min
Health of the Leveraged Loan Issuer Part 3
By Jim Healy, Chief Executive Officer, & Daniel Miller, Chief Credit Officer. Identifying the Tipping Point for Leveraged Loan Issuers...
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Capra Ibex
- Mar 13, 2022
- 1 min
Capra Ibex’s Kurinets sees challenges and bright spots for CLO equity
by John Hintze, Asset Securitization Report The list of factors likely to impact the collateralized loan obligation (CLO) market just...
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Capra Ibex
- Mar 10, 2022
- 5 min
CLO Insider February 2022: Impact of War in Ukraine
By Mike Kurinets, Chief Investment Officer The war in Ukraine ended up as the dominant force driving markets in February. CLO Equity...
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Capra Ibex
- Feb 27, 2022
- 1 min
Shift From Primary to Secondary In CLO Equity
by Private Debt Investor Read full article here: https://www.privatedebtinvestor.com/loan-note-cfos-struggling-with-esg-asian-leveraged-f...
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Capra Ibex
- Feb 18, 2022
- 6 min
Health of the Leveraged Loan Issuer Part 2
by Daniel Miller, Chief Credit Officer. Impact of Higher Interest Rates on Leveraged Loan Issuers Key Takeaways: We assess the...
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Capra Ibex
- Feb 15, 2022
- 4 min
CLO Insider January 2022
By Mike Kurinets, Chief Investment Officer The leveraged loan market ended January slightly positive (+0.08 points), while CLO...
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