Wellington Management’s inaugural CLO fund raises $194 million
The fund closes ahead of separate news that it formed the Private Real Estate Credit platform, which will originate senior and subordinated commercial real estate loans.
Investments
Robert Rubin blames Trump for most uncertainty in 60-year career
Rubin, who oversaw a shift to budget surpluses as Treasury chief under Democrat Bill Clinton in the 1990s after serving as co-chairman of Goldman Sachs Group Inc., said that while some federal spending can be cut, "as a practical matter" there's insufficient scope for that to rein in deficits.
Private credit to drive more life insurance growth: Moody’s
Alternative asset managers, emboldened by the boom, will continue buying life insurers or seek more partnerships with them as they hunt for more capital to feed their dedicated funds.
Treasury yields fall to multi-month lows with U.S. growth in doubt
The rally gained additional pace late in the session after President Donald Trump said there was no room left for a deal on Canada and Mexico tariffs ahead of their effective date Tuesday.
Apollo’s RRAM buys CLO manager Irradiant, adding $11 billion
Apollo will assume about $2.2 billion of private credit and renewable assets from Irradiant, while RRAM will add almost $11 billion of CLO assets to its firm.
Treasury investors anticipate Fed shift back to growth risks
Treasuries gained for a sixth straight session. Morgan Stanley say the 10-year has scope to fall back below 4% if the prevailing view on the Fed shifts.
Alcentra pledges $1 billion to Europe mezzanine and equity CLO investing
With that sizable fire power, Alcentra hopes to meet the growing market demand for collateralized loan obligations.
By
John Hintze
SocGen’s CLO desk restructuring bears plentiful fruit
The French bank foresees CLO growth in U.S. and Europe but cautions wariness around the current administration's potential impacts to inflation and the economy.
By
John Hintze
Bessent, Republicans in Congress kick start tax cut talks
The confabs are a sign that Republicans are getting serious about negotiating the contours of a tax deal, even as the House and Senate are pursuing separate strategies.
Bessent says US ‘long way’ from boosting longer-term debt sales
Bessent had repeatedly criticized then-Treasury Secretary Janet Yellen for boosting the share of bills in US debt.
S&P Global forecasts record 2025 CLO volume
Refis and resets surge in January as AAA spreads continue to tighten
By
John Hintze
Treasuries slip with tariffs dominating before Powell Testimony
Long-maturity yields rose as much as four basis points, with the 10-year note's stalling at around 4.53%. A gauge of the dollar held steady after two days of gains.
Pretium sees spreads helping set up a bullish 2025 CLO market
Collateralized loan obligation activity should increase despite higher-for-longer rates and liability management exercises.
By
John Hintze
U.S. yields fall to lowest this year as tech slump fuels haven bid
The yield on 10-year US notes fell as much as 12.5 basis points — the most intraday in almost two weeks — to 4.50%, before paring the decline.
Fixed-income investments present opportunities in uncertain times
Investors and analysts see pockets of value in asset-backed securities, as elevated fiscal policy uncertainty and wariness about the economic environment rise.
On day one, Trump appeases bond traders and pushes down rates
By Tuesday's close, they were back well below the 5% mark, with the 30-year's lower on the day by six basis points to 4.80%.
A $12 billion climate fund wraps up its first bond sale
The issuance marks the first time a multilateral climate fund is turning to the capital markets, as cash-strapped developed nations balk at providing the funds needed to cut greenhouse gas emissions.
Why some bond traders bet relentless selloff will soon lose steam
Wednesday brings the next pivotal data point, with the release of the latest consumer-price figures, which are forecast to show inflation remains sticky.
Crestline delivered one of 2024’s biggest middle-market CLOs
The $1 billion deal included classes A-L-A and A-L-B were offered as loans.
Treasuries selloff ripples through world markets after jobs data
The movements were spurred by jitters around persistent inflation and ballooning government debt, leading futures traders to wager that the Fed is unlikely to ease monetary policy again until late 2025.
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