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Issue 233 - 11th May

  • News Analysis

    • CLOs

      • Volatility persists

        CLO rating refinements reviewed

        CLO ratings volatility persists, with a raft of Moody's upgrades expected in coming weeks following changes to its modelling framework. The move represents the final rating agency CLO criteria amendment to be prompted by the financial crisis and its...

  • Market Reports

    • ABS

      • Euro ABS market bounces back

        The European ABS market has bounced back to life this week as bid-list volumes increase and the new issuance pipeline grows. The European ABS primary market has been particularly busy this week, benefitting from the announcement of Santander's Foss...

    • CLOs

      • Investor comeback for US CLOs

        The US CLO market ended last week with a bang as bid-list levels soared. At the same time, the sector appears to be seeing much broader investor participation. "There's been a drastic improvement in the volume of bid-lists over the past week. We're...

      • Legacy inventories driving CLO BWICs

        CLO bid-list activity remains strong, with several lists launching over the past week. Additionally, banks are said to be finally offloading their legacy inventories, as spreads gradually tighten in. "The market has been relatively quiet in recent...

    • CMBS

      • Bid-list boosts Euro CMBS

        The European CMBS market received a boost last week from a £220.5m bid-list. The list - which comprised senior sterling-denominated paper, backed predominantly by retail properties - traded at surprising levels. "We saw...

  • Job Swaps

      • UniCredit reorganises CIB

        UniCredit has reorganised its corporate and investment banking (CIB) division. Olivier Khayat will a...

      • ABS origination trio hired

        Barclays Capital has made three new appointments in its securitised products origination group. Emil...

      • Walkers reorganises

        Walkers has reorganised its global group ahead of the forthcoming retirement of global chairman Wayn...

    • CDO

      • CRE CDO transferred

        Blackrock Financial Management is assigning its collateral management duties for Kimberlite CDO I to...

    • CDS

      • MS adds credit salesman

        Morgan Stanley has appointed ex-Barclays Capital salesman Stephane Babin to sell rates and credit in...

    • CLOs

      • GSC Chapter 11 hearing due

        A hearing is to be held before the bankruptcy court on 25 May to consider the joint Chapter 11 plan...

    • CMBS

      • CMBS md named

        1st Service Solutions has appointed Mitchell Brumwell as md and member of its management team. He wi...

      • Simmons partner returns

        Simmons & Simmons has expanded its financial markets practice in Paris with the appointment...

    • RMBS

      • Broker hires MBS trio

        MF Global has appointed Evan Malik and Phil Hermann as co-heads of its MBS and ABS sales team. Most...

      • Head HEQ trader named

        Southwest Securities has promoted Pho Phimvongsa to vp and head HEQ trader in its taxable fixed inco...

      • RMBS trading head named

        Odeon Capital Group has recruited Bret Ackerman as a director and svp in its sales and trading group...

  • News Round-up

    • ABS

      • PPIP investment declining

        The rate of PPIP investment continues to decline, with managers only drawing down an additional US$6...

      • NRSRO RFC issued

        The SEC has issued a request for public comment on the feasibility of a system in which a public or...

      • ABS e-trading offered

        MarketAxess has launched an electronic trading offering for consumer-based ABS on its e-trading plat...

      • BlackRock CLO firms up

        Further details have emerged on BlackRock Financial Management's forthcoming US$400m BMI CLO I. Arra...

      • CMBS loan payoffs dip

        The percentage of US CMBS loans paying off on their balloon date fell in April from the impressive l...

      • New agency indices prepped

        Markit is expected to launch new MBX, IOS and POS indices on 12 May. The indices will reference Ginn...


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