Collin Martin CFA®, Managing Director, Fixed Income, Schwab Center for Financial Research Recent articles Corporate Bond Market: Is a “Zombie” Apocalypse Coming? March 2, 2021 With interest rates rising, “zombie companies” may have to refinance debt at higher rates. CLOs Are Not CDOs: Why They Likely Aren’t a Major Risk to Banks June 29, 2020 While we have concerns about the loan market, we don’t believe the CLO market is putting the banking system at risk.