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Euro uncertainty buoys secondary ABS
The double blow of Moody's UK downgrade and inconclusive Italian election has had a mixed impact on...
Market Reports 1 March 2013 -
Intermediation advantage
Andrea Podesta, head of fixed income, and Armando La Morgia, head of structured finance at KNG Secur...
Q: How and when did KNG Securities become involved in the structured finance markets? AP: The KNG S...
The Structured Credit Interview 28 February 2013 -
Secondary boost for Opera CSC3
Intu Properties, formerly Capital Shopping Centres Group, has established a new debt funding platfor...
News Round-up 28 February 2013 -
ABS CDO on the block
An auction is to be held for Duke Funding VIII on 21 March. The collateral will only be sold if the...
News Round-up 28 February 2013 -
Junior paper joins CMBS jamboree
The US CMBS secondary market saw around US$350m of BWIC volume yesterday. A greater variety of paper...
Market Reports 28 February 2013 -
ABS CDO auction due
An auction is to be held for Capital Guardian ABS CDO I on 18 March. The collateral includes small b...
News Round-up 27 February 2013 -
Subprime sets pace for busy session
Non-agency US RMBS supply shot up yesterday to around US$1.86bn, boosted by a large amount of subpri...
Market Reports 27 February 2013 -
Auto paper doing the rounds
A number of auto names were circulating in the US ABS secondary market yesterday. Some of these name...
Market Reports 26 February 2013 -
Mid-week blip barely dents CMBS
Thursday was an interesting session for secondary US CMBS. Several recent-vintage tranches attracted...
Market Reports 22 February 2013 -
Uploading answers
Originators get to grips with ED requirements, liabilities
The ECB deadline for submitting loan-level deal data to the European DataWarehouse is the end of Mar...
News Analysis 22 February 2013 -
CLO pricing disparity emerges
The number of CDO bid-lists circulating in secondary reached double figures yesterday and even more...
Market Reports 21 February 2013 -
Liquidation list lifts US RMBS
Wednesday saw secondary supply shoot up, with SCI's PriceABS data displaying three times as many RMB...
Market Reports 21 February 2013 -
Cairn CLOs stir European market
The European CLO market is picking up after a quiet start to the week. Participants have been kept o...
Market Reports 20 February 2013 -
Re-mods lengthening RMBS cashflows
Overall modification rates for US non-agency RMBS were significantly lower in 2012 than they were tw...
News 20 February 2013 -
Viable exit
Private label refi initiatives gaining traction
Providing performing borrowers in non-agency RMBS pools with a viable exit from their high-interest...
News Analysis 20 February 2013 -
Equity equations
US CLO 1.0 versus 2.0 equity relative value explored
There are several considerations for CLO equity investors looking for relative value in CLO 1.0 and...
News Analysis 20 February 2013