Markets sent a sign November 2019 when CLO’s started defaulting at 5% and the market reacted in December. The FED answered the market with a rate cut and opened up the repo market and started to buy up CLO’s. The CLO defaults are up to 20%+.

Sharing is Caring!

by shanish82

Check graph on page 53

Sources: www.federalreserve.gov/publications/files/financial-stability-report-20200515.pdf Go to pages 50-53.

Also www.propublica.org/article/whistleblower-wall-street-has-engaged-in-widespread-manipulation-of-mortgage-funds

 

159 views

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.