Wall Street Rethinking Its Gloomy Outlook for Stocks
Bloomberg Businessweek
00:00
The Robust Nature of the CLO Asset Class
The CLO asset class has historically very low defaults. The junior mezzanine tranche, the double beat tranche, has had about a five basis point annual default rate. And so I think people are realizing that this is an asset class that you can kind of write out in the next kind of recession or downturn or whatever you want to call it.
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