Sharad Vohra, CFA, Astra Asset Management, recently spoke with Levereged Commentary & Data (LCD) from Pitchbook and discussed his thoughts on tightening CLO spreads.
'Despite the tightening, triple-A paper still offers good relative value across the capital structure compared to equally rated corporate bonds, Vohra said. “EUR CLO AAAs could continue to offer superior current income, capital preservation and yield pick-up to equally rated instruments in the market.”'