NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) releases its Structured Things: The Upside-Down Yield Curves report, the first in a series of short-form research on various topical issues prevalent across the structured credit markets.
In this inaugural Structured Things report, KBRA looks at recent developments in the yield curve, one-month and three-month LIBOR (1ML and 3ML) and their impact on collateralized loan obligations (CLOs).
The report provides clarity on the goings-on with the yield curve so far this year. Discussions include how the yield curve has been impacted by the recent Fed rate cut—the first since 2008—as well as how the spread between 1ML and 3ML could affect CLO and CLO combination note performance.
Related Publications: (available at www.kbra.com)
- Structured Things: The Upside-Down Yield Curves
- KBRA’s Structured Credit 101: Collateralized Loan Obligations
- KBRA’s Structured Credit 401: Primer on Combination Notes
- Structured Credit 2019 Sector Outlook
- What Is the Loan Market Telling Us?
- Par Wars: Attack on the Loans
Sean Malone, CFA, Director
George Lyons, CFA, Director
Eric Hudson, Managing Director