#structured credit
2 articles found
Structured Credit Investing: ABS, CMBS, RMBS, CLOs, and How Losses Move Through the Tranches
How securitized credit works: ABS, CMBS, RMBS, and CLO tranches, default history, 2008 vs 2020, and CLO ETFs such as JAAA and CLOA with fees and yields.
CLO Investing: How Collateralized Loan Obligations Work and Where the Risk Sits
How CLO tranches, OC tests, and equity leverage work, the default record, why loan recoveries fell, how CLO ETFs held up in stress, and who should own what.