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 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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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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Capra Ibex
- Feb 7, 2022
- 5 min
Key Takeaways from the National Bureau of Economic Research’s Working Paper on “CLO Performance"
by Jim Healy, CEO Capra Ibex Advisors. The first large-scale academic study of CLO equity performance was recently published by the...
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Capra Ibex
- Jan 13, 2022
- 9 min
CLO Insider 2021 Review and 2022 Outlook
By Mike Kurinets, Chief Investment Officer What significant global events impacted the CLO market during 2021? 2021 was a strong year for...
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Capra Ibex
- Jan 1, 2022
- 4 min
CLO Insider December 2022
by Mike Kurinets, Chief Investment Officer In December, prices in the leveraged loan market ended the month higher by 0.26 points [*1]....
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Capra Ibex
- Dec 10, 2021
- 7 min
CLO Insider November 2021
By Mike Kurinets, Chief Investment Officer Loan Prices Dropped at the End of November. In November, prices in the leveraged loan market...
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