SCIWire

Euro secondary quiet

Tuesday 21 February 2017 09:16 London/ 04.16 New York/ 17.16 Tokyo

It was a quiet start to the week across the European securitisation secondary market thanks primarily to the US public holiday.

As a result, little has changed - sentiment remains positive, the demand for paper is still strong and sellers are few and far between as the belief continues that it is not yet the time for extensive profit-taking. Overall, secondary spreads remain flat to slightly tighter week on week.

There is one BWIC on the European schedule for today so far - a nine line €16.17m CLO BWIC due at 14:30 London time. it comprises: ACLO 1X F, BABSE 2015-1X F, BECLO 2X D, BECLO 2X E, BLACK 2015-1X F, DRYD 2013-29X D, JUBIL 2015-15X F, PENTA 2015-2A F and SPAUL 5X F.

Only BECLO 2X E has covered with a price on PriceABS in the past three months - last doing so at 99.3 on 26 January.

21/02/2017 09:16:02