The outlook for the UK RMBS market is mixed for the rest of the year. Indeed, questions remain over issuance volumes and performance once the furlough scheme ends on 30 September.
UK collateral has constituted 67% of total European RMBS issuance so far this year. At €12.3bn, UK non-conforming RMBS issuance year-to-date has already crossed Deutsche Bank’s full-year forecast of €12bn, while UK BTL issuance - totalling €2.8bn
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