Capra Ibex
CLO Insider: July Brings Calmer Markets
By Mike Kurinets, Chief Investment Officer Key Takeaways: Loan prices continued to rise in July. The price of leveraged loans increased...
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Capra Ibex
- Aug 8, 2023
- 10 min
A Deep Dive on Par-Building and What It Means for CLO Equity in 2023-24
By Daniel Miller, Chief Credit Officer Summary During periods of elevated default rates, decreases in leveraged loan prices play an...
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Capra Ibex
- Jul 31, 2023
- 3 min
CLO Insider: Risk-On Mentality Returns in June
By Mike Kurinets, Chief Investment Officer Key Takeaways: The US avoided default. On June 1, both chambers of the US Congress passed the...
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Capra Ibex
- Jun 27, 2023
- 5 min
CLO Insider: What Caused May's Market Sell Off?
By Mike Kurinets, Chief Investment Officer Key Takeaways: Regional bank concerns returned in May. After the regional bank crisis appeared...
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Capra Ibex
- May 19, 2023
- 7 min
CLO Insider: Why The Markets Calmed Down In April
By Mike Kurinets, Chief Investment Officer Key Takeaways: For most of April, the markets’ concerns over the regional banking crisis...
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Capra Ibex
- Apr 20, 2023
- 7 min
CLO Insider Newsletter: How the Market Reacted to March's Banking Crisis
By Mike Kurinets, Chief Investment Officer Key Takeaways: Regional bank crisis drove market volatility in March. The unexpected news that...
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Capra Ibex
- Mar 24, 2023
- 5 min
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, 2023
- 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, 2023
- 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, 2023
- 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 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
- 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 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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