Skip to contentHome page Seeking Alpha - Power to InvestorsNov 02, 2026, 4:50 AM ETJAAA, AAA, JBBB, CLOINeuberger3.36K FollowersDespite modest spread widening in recent weeks across corporate credit, CLO debt spreads continue to offer attractive relative value.As corporate credit spreads have widened modestly in recent weeks in response to higher government bond yields, relative value dynamics have evolved within traditional corporate credit markets.More specifically, in times of macro-shock events, we would expect BB-rated tranches to experience a greater drawdown versus high yield bonds or leveraged loans.Andrii Dodonov/iStock via Getty ImagesBy Pim van Schie and Jared A. FeeneyDespite modest spread widening in recent weeks across corporate credit, CLO debt spreads continue to offer attractive relative value. More specifically, BB-rated CLO tranches still offer an attractive spreadThis article was written byNeuberger3.36K FollowersNeuberger is an employee-owned, private, independent investment manager founded in 1939 with approximately 3,000 employees across 26 countries. The firm manages $567 billion of equities, fixed income, private markets, real estate and hedge fund portfolios for global institutions, advisors and individuals. Neuberger's investment philosophy is founded on active management, fundamental research and engaged ownership. The firm is proud to be recognized for its commitment to its two constituents, clients and employees. Again in 2025, we were named Best Asset Manager for Institutional Investors in the US (Crisil Coalition Greenwich) and the #1 Best Place to Work in Money Management (Pensions & Investments, firms with more than 1,000 employees). Neuberger has no corporate parent or unaffiliated external shareholders. Visit www.nb.com for more information, including www.nb.com/disclosure-global-communications for information on awards. Data as of March 31, 2026.CommentsTo ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.Is this happening to you frequently? Please report it on our feedback forum.If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.