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.

• Deal delay?

  European ABS market update

  A trader reports that nothing has been heard of the Alhambra SME Funding 2018-1 deal, which &ldq...

  Market Reports    18 December 2018

• SCI Start the Week - 17 December

  A review of securitisation activity over the past seven days

  Market commentary European CMBS BWIC activity swelled after the Taurus 2018-3 DEU deal priced last...

  News    17 December 2018

• Selling spike

  US CLO market update

  There has been a spike in selling of investment grade paper on the US CLO secondary market, coming m...

  Market Reports    11 December 2018

• Bid scarcity

  European ABS market update

  A major UK bank is focusing efforts of European NPLs in the coming weeks, as spreads continue to wid...

  Market Reports    7 December 2018

• Deals pulled?

  US CLO market update

  Several US CLO deals are believed to have been pulled from the pipeline and pushed back to 2019, ami...

  Market Reports    6 December 2018

• Print and sprint

  US CLO market update

  US CLO BWIC activity is booming ahead of tomorrow’s market holiday in honour of former pre...

  Market Reports    4 December 2018

• Activity upsurge

  European ABS market update

  The European primary and secondary ABS markets are seeing a surge in activity, due to uncertainty ov...

  Market Reports    4 December 2018

• SCI Start the Week - 3 December

  A review of securitisation activity over the past seven days

  Market commentary European ABS activity remained subdued last week, with spreads drifting wider, du...

  News    3 December 2018

• Term leveraging

  European ABS market update

  The European primary ABS market is still drifting wider, due to concentration of supply. &ldqu...

  Market Reports    29 November 2018

• Mezz concessions

  US CMBS market update

  US CMBS new issues appear to be struggling, following market volatility at the beginning of the week...

  Market Reports    28 November 2018

• Timing issues

  European ABS market update

  The two-year senior notes of Compass Banca’s €900m Quarzo Series 2018 consumer AB...

  Market Reports    28 November 2018

• Green wave

  International RMBS market update

  A pair of RMBS bid-lists comprising mostly senior non-conforming and prime collateral are set to hit...

  Market Reports    27 November 2018

• Start the week - 26 November

  A review of securitisation activity over the past seven days

  Market commentary US CLO equity and double-B bonds were casualties of last week’s drop i...

  News    26 November 2018

• Softening activity

  European CLO market update

  The European CLO market is relatively quiet due to the Thanksgiving holiday in the US, but the pipel...

  Market Reports    22 November 2018

• Hesitant appetite

  US CLO market update

  US CLO equity and double-B bonds were casualties of the drop in the S&P 500 index yesterday,...

  Market Reports    21 November 2018

• Bloodbath blues

  European ABS market update

  The European ABS market has repriced, after taking a hit yesterday when the S&P 500 index pl...

  Market Reports    21 November 2018

• Buyer fatigue

  US CLO secondary market update

  The US stock market is 400 points down today (20 November) and is being described as an “u...

  Market Reports    20 November 2018

• Credit clutch

  European ABS market update

  The European ABS slow-down continues, with prices drifting wider and subdued credit growth across th...

  Market Reports    20 November 2018

• SCI Start the Week - 19 November

  A review of securitisation activity over the past seven days

  Market commentary Pepper Group is prepping an Australian RMBS that is expected to include a short U...

  News    19 November 2018

• Less liquidity

  US CMBS secondary market update

  Risk aversion continues in the US CMBS market, with flows described as “anaemic”...

  Market Reports    16 November 2018

• Selling stagnation

  European ABS market update

  Activity in the European ABS primary and secondary markets has slowed this week, with volumes genera...

  Market Reports    16 November 2018