Trends in Structured Credit Markets
Following the credit crisis of 2008, tranche trading all but disappeared; it is now back with gusto. For example, bespoke tranche trading reached $80 Billion issuance in 2018, and continues to grow rapidly. Although a far cry from pre-crisis level, there are encouraging signs for the market’s revival.
Agenda
Which tranches are more popular now: index or bespoke?
What tenor is more popular in bespokes?
Why invest in CSOs –vs- CLOs?
What is the bottleneck for market increasing in size?
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