US CLO Weekly: BSL CLO new issuance rises to $3.7bn with Triple As 121-131bps as refinancings decline
David Graubard: Senior Reporter
3 August 2026
- How rising US CLO issuance activity is influencing primary market momentum and investor demand.
- What changes in Triple A spreads reveal about current CLO pricing conditions and market sentiment.
- Why refinancing and reset activity trends matter for evaluating CLO market liquidity and structure.
- How sustained CLO ETF inflows and secondary trading activity are shaping market technicals.
- Where private credit developments and default trends may signal emerging risks across leveraged finance markets.
Executive Summary
Recent issuance activity reflects resilient demand across the CLO market. Investors continue evaluating pricing dynamics and funding conditions.
Market participants remain focused on spread movements and deal structures. Activity highlights evolving preferences across new issuance channels.
Private credit trends reveal changing patterns in borrower performance. Credit conditions remain an important area of market attention.
Meanwhile, refinancing activity shows a different pace than issuance. Investors are monitoring liquidity and transaction developments.
Finally, market technicals continue supporting engagement across CLO segments. Ongoing developments may influence future issuance conditions.



