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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Key CMBS pillars hold steady
New US CMBS transactions are generally seeing signs of improving credit quality. This challenges rec...
News Analysis 7 February 2018 -
US CLOs on the up
Pricing levels across the US CLO secondary market have kept increasing through January. "Everythin...
SCIWire 31 January 2018 -
US ABS diverted
US ABS primary market activity is diverting attention away from secondary, but demand is st...
SCIWire 31 January 2018 -
Euro secondary picking up
Activity in the European securitisation secondary market is gradually picking up, albeit from a low...
SCIWire 31 January 2018 -
SCI Start the Week - 15 January
A look at the major activity in structured finance over the past seven days.
Pipeline Last week saw a ramping up of additions to the pipeline, led by ABS and RMBS. There were s...
News 15 January 2018 -
Debut Russian RMBS 'just the start'
VTB Capital has closed an inaugural RMBS under the Russian government-backed AHML programme, which t...
News Analysis 15 December 2017 -
Job swaps round-up - 15 December
North America Angelo, Gordon has promoted Josh Baumgarten and Adam Schwartz to the roles...
Job Swaps 15 December 2017 -
MPL sector shakes off reputational threats
With continued growth of the marketplace lending ABS sector and repeat issuance from a range of firm...
News Analysis 13 December 2017 -
Auto ABS spread distortion eyed
European auto ABS bonds are trading at similar spreads to unsecured corporate debt issued by the sam...
News Analysis 5 December 2017 -
Job swaps round-up - 1 December
EMEA CBRE has hired Paul Coates as executive director and head of debt and structured finance EMEA...
Job Swaps 1 December 2017 -
US CLOs rising
US CLO secondary market volumes and pricing levels are once again rising. "Overall November has be...
SCIWire 30 November 2017 -
Euro CLOs soften
Spreads are softening in the European CLO secondary market as liquidity dissipates ahead of year-end...
SCIWire 30 November 2017 -
Euro ABS/MBS stable
The European ABS/MBS secondary market continues to remain stable. "It's been a sporadically active...
SCIWire 30 November 2017 -
Fresh blow adds to CMBS retail woes
The retail sector's well-publicised woes are affecting both primary and secondary CMBS. While the hi...
News Analysis 29 November 2017 -
Job swaps round-up - 24 November
EMEA Alvin Wong has been hired as director at United Overseas Bank (UOB). Previously he was svp...
Job Swaps 24 November 2017 -
AOFM RMBS bids successful
The Australian Office of Financial Management has completed its latest RMBS auction. The programme w...
News 24 November 2017 -
CLO managers 'can benefit' from 2018 volatility
Increasing corporate sector volatility will test European CLO managers next year, believe structured...
News 23 November 2017 -
NPL secondary 'needs AMC blueprint'
The European Commission has confirmed progress on NPL secondary markets. It has highlighted the crea...
News Analysis 21 November 2017 -
SCI Start the Week - 13 November
A look at the major activity in structured finance over the past seven days.
Pipeline There were even more additions to the pipeline last week than there had been in the week b...
News 13 November 2017 -
Job swaps round-up - 10 November
EMEA Ares Management has hired Rory McHugh as md. McHugh was previously md, head of alternative fi...
Job Swaps 10 November 2017 -
RMBS divestments resumed
The Australian Office of Financial Management has resumed its RMBS divestment programme, after putti...
News 8 November 2017