3 Things in Credit: August 27, 2021

In this week's episode, KBRA Chief Strategist Van Hesser discusses: CLOs are now a $1 trillion market (and growing). A report out of the New York Fed points to a healthy maturation of its investor base. We’ll elaborate. Afghanistan. Markets have looked past this story until now. We feel a gravitational pull toward safer assets. Capex, expected to rise materially in 2021, has come in a bit soft lately, and not all firms and sectors are participating. Pay attention to those that do.