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MBS basis 'on the rich side' of fair value
Mortgages are cheap to the consumer and rich to the investor, compared to current 30-year market rat...
News Round-up 23 June 2010 -
Against the tide
US CMBS spreads widen in face of improving fundamentals and tight new issue
US CMBS spreads have widened over recent weeks on the back of equity market volatility, despite the...
Market Reports 16 June 2010 -
Open to interpretation
Searching for transparency and liquidity
The twin themes of transparency and liquidity were reflected upon in many of the panels at this year...
Talking Point 16 June 2010 -
Tail risks drive CSO valuation divergence
CSO valuations appear to have decoupled and diverged in recent months, driven by the mixed to positi...
News 16 June 2010 -
Structured credit trading platform ready
BNY Mellon has launched its real-time auction marketplace where buyers and sellers of fixed income s...
News Round-up 16 June 2010 -
Mixed messages
Secondary CLO market activity wanes, but new deal prices
Sovereign contagion continues to weigh heavily on the CLO market in both Europe and the US. Unsurpri...
Market Reports 9 June 2010 -
CESR warned over ABS trade dissemination
The Association for Financial Markets in Europe (AFME), the British Bankers' Association (BBA) and I...
News Round-up 9 June 2010 -
Euro ABS surveillance platform prepped
Markit and Cairn Capital are to launch the Markit ABS Performance Monitor platform. This service wil...
News Round-up 9 June 2010 -
Weighed down
Secondary and primary markets hindered by broader concerns
US RMBS trading over the previous two weeks has remained quiet in the face of continued volatility i...
Market Reports 9 June 2010 -
Limited demand
European ABS market activity in the week to 1 June
Although European ABS had previously remained stable in the face of sovereign concerns, over the pas...
Market Reports 2 June 2010 -
BWIC trading stalls amid inventory rethink
A growing percentage of BWIC lists that are making the rounds lately are not trading, say investors....
News 2 June 2010 -
Loan analytics platform enhanced
S&P has made changes to its structured finance and whole loan analytics platform, ABSXchange...
News Round-up 2 June 2010 -
Returning interest
European CMBS market activity in the week to 27 May
Although European CMBS markets have slowed due to eurozone contagion, the impact on pricing levels h...
Market Reports 2 June 2010 -
Wait-and-see attitude
European RMBS market activity in the weeks to 20 May
Since a dramatic market spike two weeks ago the European RMBS market has seen something of a recover...
Market Reports 26 May 2010 -
Decreased liquidity
US ABS market activity in the week to 24 May 2010
Despite the initial belief that the US ABS market might remain relatively immune to the current euro...
Market Reports 26 May 2010 -
Nine SF CDOs liquidated
Moody's has downgraded the ratings of 13 tranches from nine US structured finance CDOs that have exp...
News Round-up 26 May 2010