The US dollar index at *106.04*, a 19-year high!
The Euro is nearing parity, sinking down 1.26% to 1.035.
This is a major breakout for the greenback as a result of this continued global flight to safety trade. pic.twitter.com/8PH7wOfMEm
— Markets & Mayhem (@Mayhem4Markets) July 5, 2022
… leaving would-be #leverageloan borrowers in the lurch: institutional issuance (the kind of loans CLOs buy) plunged to $55B in 2Q, the least since the pandemic onset … 2/6 pic.twitter.com/DMUpCTOQ7k
— Leveraged Loans (@lcdnews) July 5, 2022
About that investor demand: CLOs proved relatively resilient, increasing their presence in 2Q, though costs increased here as well, with triple-A tranches pricing at +155 bps, the most in two years. 4/6 pic.twitter.com/cFlBHWNOTC
— Leveraged Loans (@lcdnews) July 5, 2022