Secondary markets

The post-issuance trading or buying and selling of instruments, including, but not exclusively, asset-backed securities or ABS; commercial or residential mortgage-backed securities or MBS or CMBS or RMBS; collateralised debt obligations or CDOs; and collateralised loan obligations or CLOs takes place in the secondary market. Prices established in the secondary market are seen as an efficient means of deriving the value of similar products for valuation purposes.

  • Secondary ticking up

    European securitisation market update

    A handful of BWICs are out for the bid today as activity in the European ABS secondary market picks...

    Market Reports    12 October 2018
  • Disparity highlighted

    Flood ILS impact gauged

    The damage from Hurricane Florence was estimated by Moody’s to be between US$38bn-US$50bn,...

    News Analysis    11 October 2018
  • Casting a wider net

    US CLO managers target European opportunities

    Although considerably smaller than the US, the European CLO market is on course for a post-crisis re...

    News Analysis    10 October 2018
  • Little differentiation

    European and US CLO market update

    Robust demand is being seen in both the European and US CLO markets this week. Equity arbitrage is...

    Market Reports    9 October 2018
  • Primary surge

    European ABS primary market update

    European primary ABS activity is finally picking up. The PBD Germany Auto ABS transaction is expecte...

    Market Reports    8 October 2018
  • SCI Start the Week - 8 October

    A review of securitisation activity over the past seven days

    Market commentary The European ABS primary market saw a lull in activity last week, which left some...

    News    8 October 2018
  • Heavy supply?

    European primary ABS market update

    A new RMAC UK non-conforming RMBS has been announced, while the BPCE Home Loans 2018 deal is expecte...

    Market Reports    5 October 2018
  • Double counting

    US CLO primary market update

    Up to 30 US CLO transactions are being prepped in the primary market this week, with four or five se...

    Market Reports    4 October 2018
  • Primary focus

    European ABS and RMBS market update

    Few BWICs were out for the bid in the European secondary ABS market this week, with light trading ac...

    Market Reports    28 September 2018
  • UCITS constrained

    Regulatory impact on mutual fund demand gauged

    The impact of the new EU securitisation regulation on mutual funds domiciled in Europe has sparked c...

    News Analysis    27 September 2018
  • Widening spreads eyed

    US CDO secondary market update

    Several ABS CDO bonds are expected to be in high demand today, which have not been prevalent on the...

    Market Reports    20 September 2018
  • Irish RMBS focus

    European ABS market update

    A rare Irish non-conforming RMBS has caught the attention of European ABS market participants, follo...

    Market Reports    18 September 2018
  • Preference for yield

    Conference delays new issues

    The US ABS secondary market is seeing a big demand for higher-yielding sectors like renewables, even...

    Market Reports    14 September 2018
  • Euro ABS activity surges

    Investors finding value across asset classes

    The ABS secondary market has been very BWIC driven with large volumes coming through. A Greek RMBS i...

    Market Reports    14 September 2018
  • US CLO reissue caution advised

    US CLO arrangers are being cautious in terms of how they bring and announce actions in the next two...

    Market Reports    13 September 2018
  • US CLO secondary spikes

    The US CLO market is seeing a big spike in secondary market activity this week ahead of ABS East and...

    Market Reports    12 September 2018
  • Short duration in demand

    Spreads diverge between long and short CLO paper

    The volume of US paper in the secondary CLO market is down in the first week of September, with spre...

    Market Reports    11 September 2018
  • Chain reaction

    ABS issuers exploring distributed ledger technology

    Numerous ABS issuers are exploring how to leverage blockchain technology to execute traditional secu...

    News Analysis    7 September 2018
  • Testing time

    European ABS succumbs to widening pressures

    Poor new issue execution has seen the European securitisation market finally succumb to widening pre...

    News Analysis    24 July 2018
  • Fight for control eyed

    Rapid amortisation event 'unlikely' to occur

    Allegations of embezzlement and a fight for control of Harley Marine Services (HMS) have emerged les...

    News    20 July 2018
  • SCI Start the Week - 9 July

    A look at the major activity in structured finance over the past seven days

    Pipeline With 4 July having a typically big impact on the issuance calendar, the pipeline was ligh...

    News    9 July 2018