Market update: Continued reset activity, active secondary On the CLO primary, 1 new issue deal and 6 resets priced. YTD gross new issuance exceeds €38bn whilst reset/refi volume is above €44bn. On the secondary, CLO BWIC volume reached almost €580mn, with strong triple-A and double-B supply. Single-A to single-B spreads tightened a bit. European CLO Weekly Negative par build, increase in out-of-RP OC test breaches Accessible version Most CLOs have had negative par build YTD Around 80% and 82% of in-RP CLOs ...