Something Impossible Just Happened: A CLO Just Failed Its AAA Overcollateralization Test
Apr 20th 2020 2:21pm EDT
Something Impossible Just Happened: A CLO Just Failed Its AAA Overcollateralization Test Over the weekend, we reported that in its quest to bailout the richest Americans and the country’s financial system, the Fed unleashed an unprecedented array of actions meant to backstop capital markets, going so far as buying investment grade, high yield bonds and […]
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