Subprime drives secondary RMBS

Subprime drives secondary RMBS

Category: RMBS Secondary markets

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The secondary US RMBS market saw BWIC volume of US$934m yesterday, according to Interactive Data estimates.

"Overall BWIC volume has surpassed the prior session, led by the increase in the supply of subprime bonds out for the bid. The sector has a stable tone, with trading levels falling within the bounds of dealer guidance," Interactive Data notes.

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