Trouble Ahead: You Don't Want To Own CLO Mez Tranches At This Time (BATS:JBBB)
· seekingalpha.com
Sell-rated Janus Henderson B-BBB CLO ETF (JBBB): elevated leveraged credit risk, potential mezzanine CLO losses, and higher NAIC charges—read more now.
Several months ago, I decided that I wanted no part of leveraged credit as an asset class in this environment. While I have beliefs on how the AI story will pla...