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April 2026

CLO monthly insights 

Access the latest data from U.S. Bank

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June 2026

CLO monthly insights 

Access the latest data from U.S. Bank

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This month’s highlights

CLO collateral continues to perform in line with expectations, despite headline risk and geopolitical uncertainty. BSL Junior OC cushions decreased 2 bps to 4.36% despite Caa bucket levels decreasing to 3.95%.  Refinancing activity picked up in May with 30 CLOs refi/resets during the month (121 CLOs YTD), as tighter spreads make it advantageous. There were four new loan issuer defaults of negligible size in May across U.S. Bank trusteed BSL CLOs.

May warehouse activity:

129 open warehouses in the U.S., up five from last month
• +11 new warehouses
• -6 warehouses: all closed to CLOs

77 open warehouses in Europe, up five from last month


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  • Asset-Backed Alert, March 2026
Best Trustee Award for the fourth consecutive year
  • DealCatalyst U.S. CLO Awards, April 2026
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U.S. Securitization Trustee of the Year
  • GlobalCapital, May 2026

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