- Managers of US collateralized loan obligations are worried that a lack of consensus for the replacement of LIBOR could cause potential volatility in the fourth quarter. This could add more steam to the boom in refinancing of CLOs
- The absence of a clear replacement and potential mismatches between the benchmarks used for CLOs and underlying leveraged loans may cause CLO premiums to widen later this year
- https://www.bnnbloomberg.ca/burst-of-clo-refinancings-expected-ahead-of-libor-s-end-1.1603820
