Weekly Issue Archive »

Issue 250 - 7th September

  • News Analysis

    • RMBS

      • Agency advantage

        FOMC announcement boosts agency MBS appeal

        The FOMC's recent announcement that it will be keeping the Fed funds rate low until at least mid-2013 has impacted Treasury yields, with the agency MBS market emerging as the main beneficiary. As the yield from Treasuries fails to impress, agency MBS...

    • CDS

      • Playing safe

        Investors repositioning as credit market turmoil continues

        As market volatility persists and participants try to predict when the bottom will come, the need to position structured credit portfolios properly becomes more pressing. Several CDO and CDS strategies are possible, with basis trading touted...

  • Market Reports

    • CLOs

      • Euro CLO activity re-emerging

        August was a quiet month for the European CLO market, although a couple of "good-sized" bid-lists emerged at the end of last week. This could mark the slow restart of activity in the sector, says one European trader. "There have been one or two sal...

  • News

    • ABS

      • Correlation examined between ABS ratings, prices

        Investors are justified in using ratings as an initial indication of quality, according to a new report from European ABS strategists at RBS, in which the correlation between ABS ratings and their pricing is explored. However, this should only be an...

    • CDS

      • Option, tranche trade ideas touted

        Implied volatility for both European and US credit indices is currently close to the peak realised volatility experienced during the financial crisis. Against this backdrop, dealers have been selling volatility - whether opportunistically i...

  • Job Swaps

    • ABS

      • Paris partner appointed

        Linklaters has appointed Patrice Doat partner in its Paris office. He joins from Gide Loyrette Nouel...

      • Connemara duo recruited

        MHT Partners has recruited John Mullen, md, and Taylor Curtis, director, to lead its financial insti...

      • ABS trading md added

        RBS Securities has recruited Pat Beranek as an md on its ABS trading desk, where he will be responsi...

      • Algorithmics acquired

        IBM has acquired Algorithmics - a member of Fitch Group - for US$387m, subject t...

  • News Round-up

    • ABS

      • REIT rethink underway

        The US SEC is requesting public comment on the treatment of asset-backed issuers, as well as REITs a...

      • 'Tapable' WBS upgraded

        In what has been described as an unprecedented move for the agency, Fitch has upgraded a tapable tra...

    • CDO

      • ABS CDO auction scheduled

        Stone Tower Debt Advisors is to act as liquidation agent on the Newbury Street CDO. The collateral w...

      • Greek RMBS affirmed

        Fitch has affirmed 34 tranches and downgraded one tranche of 13 Greek RMBS transactions. The agency...


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