Weekly Issue Archive »

Issue 352 - 4th September

  • Market Reports

    • ABS

      • Autos bump up ABS volume

        US ABS secondary volume was up yesterday, driven by a list of short block sized auto bonds. SCI's PriceABS data shows a number of covers from the session as BWIC volume passed US$300m. ALLYA 2010-4 A4 is a particularly interesting tranche from the...

      • Euro ABS may stay quiet

        It has been a typically quiet August for European ABS as traders take their holidays, although there has been some BWIC activity to keep those that remained at their desks occupied. However, there is a growing concern that this September may not brin...

    • RMBS

      • Peripheral RMBS takes centre stage

        Peripheral European RMBS has seen an up-tick in activity over the last couple of weeks and a plethora of Spanish and Italian names were out for the bid yesterday. SCI's PriceABS data recorded several successful covers from the session, including for...

  • News

    • Structured Finance

      • SCI Start the Week - 2 September

        A look at the major activity in structured finance over the past seven days

        PipelineTwo ABS, one ILS, one RMBS and one CLO entered the pipeline last week and remained there by the weekend. Of these transactions, just two were US deals. The ABS joining the pipeline were €500m Driver France FCT Compartiment 2013-1...

    • RMBS

      • Spanish RMBS bond switches touted

        Using European DataWarehouse (ED) loan-level data, Deutsche Bank European securitisation analysts have examined the credit quality of 97 Spanish RMBS to uncover the extent of stressed mortgages across the sector. They identify relative value based on...

      • RMBS concentration concerns rising

        European RMBS issuance has been limited so far this year, with the bulk of supply coming from a handful of Dutch programmes. The lack of paper has sparked concerns over concentration risk, which may force investors to look elsewhere. European prima...

      • Further g-fee rises under consideration

        Recent FHFA statements suggest the GSEs could further increase guarantee fees. How far they eventually rise will depend on what kind of housing finance system emerges as private capital is encouraged back into the US mortgage market. The FHFA belie...

  • The Structured Credit Interview

    • Structured Finance

      • Starting early

        Ivan Zinn, founding partner and cio at Atalaya Capital Management, answers SCI's questions

        Q: How and when did Atalaya become involved in the structured finance markets? A: Atalaya Capital Management has been around for about eight years now. We started out in corporate credit, but over the last five years we have started to focus more on...

  • Job Swaps

  • News Round-up

      • Second rescue fund closed

        GSO Capital Partners has announced the final closing of its second capital solutions fund, GSO Capit...

    • CDO

      • CDO auctions due

        Auctions have been scheduled for two ABS CDOs on 23 September. Collateral from the Libertas Preferre...

    • RMBS

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