Weekly Issue Archive »

Issue 235 - 25th May

  • News Analysis

    • CMBS

      • B-piece boom

        CMBS B-piece investor revival underway

        Interest in US CMBS B-pieces is returning, with a wave of new investors getting involved in the market. The return of lending has helped to spark the revival and, although the upcoming risk retention regulations could still disrupt it, should this re...

    • Insurance-linked securities

      • Cat bond blip

        ILS new issuance remains on track

        The Tohoku earthquake, combined with the latest update to RMS's US hurricane model has led to a slightly slower second quarter than anticipated in the ILS market. However, the sector remains on track to see healthy issuance overall in 2011. Pricing...

  • Market Reports

    • ABS

      • Euro ABS 'ignited'

        The European secondary ABS market has seen its strongest and busiest week for some time, suggesting a turning point in activity. The primary market is following suit, with a variety of new issues marketing. "There's been a real turn in the market t...

    • CLOs

      • Bid-list madness for Euro CLOs

        The European CLO market has been inundated with bid-lists this week, with mostly mezzanine paper up for grabs. At the same time, CLO equity appears to have piqued investor interest. "We've seen an unusual volume of bid-lists so far this week. It's...

    • CMBS

      • US CMBS pipeline continues to build

        Spread widening continued to plague the US CMBS market last week. However, the new issue CMBS - and CRE CDO - pipeline appears to be building ahead of the holidays. "Activity was fairly muted last week. Some bid-lists were circu...

    • RMBS

      • Fosse leads Euro RMBS rally

        The European secondary RMBS market has surged back to life this week, with UK prime paper leading the way. The primary market has also received a boost, with demand for Santander's Fosse 2011-1 proving to be extremely high. Fosse hit the market wit...

  • News

    • CMBS

      • Old and new in CMBS 2.0

        New trends are emerging but old ones are also reappearing in US CMBS 2.0, according to research analysts at S&P. They point to higher deal sizes, loan counts and bond class counts, as well as higher concentration and the return of limited pro...

  • Job Swaps

    • ABS

      • ABS vp appointed

        Barclays Capital has appointed Jonathan Wu as vp in its securitised products origination business (S...

      • Broker on hiring spree

        CRT Capital Group has formed a capital markets group, which will be led by Justin Vorwerk. The group...

    • CMBS

      • CRE debt platform expands

        CW Financial Services is enhancing its CRE debt platform by hiring four CRE finance veterans, who wi...

      • Deutsche scoops CRE vet

        Deutsche Bank has appointed Don Belanger as md in its real estate finance division. He will be respo...

      • RMBS vet moves on

        Two Harbors Investment has appointed Diane Wold as md in its senior management team. In this role, s...

  • News Round-up

      • Oil and gas VPP deal rated

        Moody's has assigned ratings to US$879.6m Glenn Pool ABS notes, which are backed by oil and gas volu...

      • Indian CDS get green light

        The Reserve Bank of India has issued guidelines on the introduction of single name CDS for corporate...

      • CCP pros and cons examined

        ISDA has released a paper on the function and issues associated with the central clearing of OTC der...

      • DB's CMBS shaping up

        Further details have emerged about Deutsche Bank's much-anticipated new issue European CMBS (see SCI...

      • CPPI hits post-2007 low

        US CRE prices as measured by Moody's/REAL National - All Property Price Index (CPPI) fell...

  • Research Notes

    • CLOs

      • New issue CLO equity returns: the impact of declining loan spreads

        Andrew Jacobs, associate director at Moody's Analytics, finds that declining loan spreads can impact...

        Relative to historical levels, recent new issue CLO deals have featured high subordination, high tranche spreads and high underlying loan spreads to match - all positive signs for buyers of rated notes. Loan spreads have been declining, how...


Print this issue Click here to access this issue in print format
×