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.

• Euro secondary flickers

  The European securitisation secondary market is slowly flickering back to life. Overall, all ABS/M...

  SCIWire    13 June 2017

• MPS solvency plan outlined

  Monte dei Paschi di Siena (MPS) has set out a plan to demonstrate its solvency to regulators, paving...

  News Analysis    8 June 2017

• NPL RMBS redemptions spike

  US non-performing loan RMBS early redemption activity has hit record levels this year. US$5.3bn of b...

  News    8 June 2017

• Job swaps round-up - 2 June

  EMEA BNP Paribas Asset Management has launched a new private debt and real assets investm...

  Job Swaps    2 June 2017

• US CLOs stable

  The US CLO secondary market continues to be stable. "The market is taking a bit of a pause and we'...

  SCIWire    1 June 2017

• Euro secondary sporadic

  The European securitisation secondary market continues to exhibit the pattern of recent weeks with s...

  SCIWire    1 June 2017

• Investors overweight RMBS

  Investors are moving out of consumer ABS and into US non-agency RMBS, agency RMBS and cash, accordin...

  News    23 May 2017

• Global interest in Euro SF surges

  The number of investors in European securitisations is ramping up and transactions are increasingly...

  News    22 May 2017

• BoC debuts first 'restructured' NPL sale

  Bank of Cyprus, Cyprus's largest lender, has sold approximately €20m of restructured non-p...

  News Analysis    22 May 2017

• SCI Start the Week - 22 May

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

  Pipeline There were 11 ABS deals added to the pipeline last week. These were joined by an ILS, six...

  News    22 May 2017

• Job swaps round-up - 19 May

  CDO manager transfers Dock Street Capital Management has replaced Vertical Capital as portfolio ad...

  Job Swaps    19 May 2017

• Optionality driving RMBS focus

  The legacy US non-agency RMBS market is experiencing a 'perfect storm' of events, given the current...

  News    16 May 2017

• SCI Start the Week - 15 May

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

  Pipeline There was a bit more variety to the pipeline's additions last week, although ABS once agai...

  News    15 May 2017

• US CLOs unshaken

  A flurry of BWICs over the past two sessions has failed to shake the US CLO secondary market out of...

  SCIWire    11 May 2017

• Euro CLOs diverted

  A busy primary market is diverting focus away from the European CLO secondary market this week. "I...

  SCIWire    11 May 2017

• US ABS firm

  Tone and spreads remain firm in the US ABS secondary market though activity has dipped. Flow and B...

  SCIWire    9 May 2017

• Euro ABS/MBS quiet

  Despite the resolution of the French presidential election the European ABS/MBS secondary market rem...

  SCIWire    9 May 2017

• European CLO investor base expands

  The European CLO investor base is broadening, thanks to less perceived volatility than in the US mar...

  Talking Point    4 May 2017

• Job swaps round-up - 28 April

  EMEA Ashurst has promoted Alex Biles and Malcolm Charles to its partnership in London. Biles advis...

  Job Swaps    28 April 2017

• GSE CRT value explored

  High-LTV GSE credit risk transfer (CRT) deals differ from low-LTV ones in more ways than just LTV ra...

  News    28 April 2017

• Mall refi prospects mixed

  While many CMBS loans on regional malls are expected to struggle to refinance at maturity, Morningst...

  News    27 April 2017