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.
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Euro CLOs BWIC focused
The European CLO secondary market is currently focusing on BWICs. "Levels on BWIC have been very s...
SCIWire 26 January 2017 -
Autos lead US ABS
The auto sector is currently leading the way in the US ABS secondary market. Overall, ABS secondar...
SCIWire 24 January 2017 -
Euro secondary still seeks supply
Demand continues to outstrip supply in the European securitisation secondary market. Tone remains...
SCIWire 24 January 2017 -
SCI Start the Week - 23 January
A look at the major activity in structured finance over the past seven days.
Pipeline There was a clear skew towards auto ABS additions for the pipeline last week. As...
News 23 January 2017 -
CMBS pro named president
ReadyCap Commercial has named Anuj Gupta as president, responsible for loan originations, affinity r...
Job Swaps 23 January 2017 -
Cautious optimism
Secondary CRT market gaining momentum
The secondary market for capital relief trades has been growing alongside issuance of syndicated dea...
News Analysis 20 January 2017 -
Duration risk
Rate rises hurt Fed's MBS book
The December interest rate hike in the US reflected the increasing health of the economy, but it als...
News Analysis 20 January 2017 -
MS names structured credit chief
Morgan Stanley is moving one of its EMEA capital markets co-heads into Morgan Stanley Investment Man...
Job Swaps 20 January 2017 -
CLO test ahead
The second session in a row of high BWIC volumes looks set to test the depth of th...
SCIWire 19 January 2017 -
Euro ABS/MBS accelerates
Activity has accelerated in the European ABS/MBS secondary market after a slow start to the week. ...
SCIWire 19 January 2017 -
Varied approaches
Retained risk valuation practices gauged
The horizontal retention piece of a securitisation could be considered the very definition of a Leve...
News Analysis 19 January 2017 -
Euro secondary slow
It's been slow start to the week so far for the European securitisation secondary markets. Partici...
SCIWire 17 January 2017 -
SCI Start the Week - 16 January
A look at the major activity in structured finance over the past seven days.
Pipeline There were a few more additions to the pipeline last week. The final count consisted of tw...
News 16 January 2017 -
US CLOs on the up
Activity and prices are on the up in the US CLO secondary market this week. "There's very a positi...
SCIWire 12 January 2017 -
Euro CLOs start strongly
The European CLO secondary market has had a busy start to 2017 backed by strong price moves. "Sinc...
SCIWire 12 January 2017 -
US CLOs picking up
Activity in the US CLO secondary market is beginning to pick-up for 2017. "Today looks like we're...
SCIWire 10 January 2017 -
Spread optimism highlighted
With US CLO new issue triple-A spreads currently in the Libor plus 140bp-160bp range, respondents to...
News 10 January 2017 -
Euro secondary sporadic
Activity remains sporadic across the European securitisation secondary market. ABS/MBS continues t...
SCIWire 10 January 2017 -
SCI Start the Week - 9 January
A look at the major activity in structured finance over the past seven days.
Pipeline The first week of the year brought a return to life for the pipeline. There were two new A...
News 9 January 2017 -
CLOIE positive returns continue
The total amount of CLOs paid down in the JPMorgan Collateralized Loan Obligation Index (CLOIE) sinc...
News Round-up 4 January 2017 -
Non-conforming comfort
Aussie non-conforming RMBS thrives as wider sector stalls
Until this year, the Australian securitisation market had been recovering gradually from the depths...
News Analysis 23 December 2016