tranche

CLOs are In; CDOs are Out

Did you even bother to do any research before writing this? This is entirely innacurate in pretty much every way it could be. good job!

The CLOs that are printing right now are balance sheet deals that allow the dealers to offload some of their LBO debt - given the robust structure of CLOs historically looks like a win/win as long as some non LBO debt is also in the deal.