Co-produced with Trapping Value
Today we offer our continued insights into the CLO sector (Collateralized Loan Obligations). During this last quarter both ECC and OXLC reported declining NAVs along the lines of which we highlighted in our last CLO report. ECC's management stated they were having issues finding CLOs to buy since everyone was looking to buy and not sell at current prices. This bodes well for our expectations of CLO prices moving forward.
When we last looked at Eagle Point Credit (ECC), which yields 16.7%, we did a preliminary walk through as