SCIWire

Euro secondary flickers




The European securitisation secondary market is slowly flickering back to life.

Overall, all ABS/MBS and CLO sectors remain insulated from broader market moves with tone and secondary spreads still solid. Nevertheless, flows have been thin over the past two sessions as the market slowly finds its feet post the Barcelona conference and UK election.

There has, however, been a flurry of BWICs since last Friday with the majority of line items trading at or above market expectations. There are a further four lists already on today's European schedule.

The most eye-catching of those is a chunky CMBS auction due at 14:00 London time. The five line €93+m original face list comprises: DECO 2007-E5X C, DECO 2007-E5X D, INFIN SOPR B, INFIN SOPR C and INFIN SOPR D.

None of the bonds has covered on PriceABS in the past three months.

13/06/2017 09:08:59



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