Weekly Issue Archive »

Issue 410 - 29th October

  • Market Reports

    • CLOs

      • Euro CLO market looks forward

        A disconnect between bids and offers in the European CLO market has impacted secondary trading. A strong lineup of bid-lists early next week is expected to bring some clarity. "After the widening we saw last week, things have started to tighten bac...

    • CMBS

      • CMBS A4s dominate

        CMBS was the only sector to see much secondary supply yesterday stateside, with many participants focused on the US$4.6bn legacy non-agency RMBS bid-list scheduled to trade today (28 October). BWIC volume reached around US$183m, up from the prior ses...

  • SCIWire

    • Secondary markets

      • Illiquid action

        The CDO and CLO markets are attracting plenty of sellers at the moment, particularly in illiquid bon...

      • Trups CDOs stabilise

        The US Trups CDO market has stabilised after last week's volatility and bid lists have been well-rec...

      • Euro ABS/MBS stay steady

        European ABS/MBS spreads held steady yesterday albeit in relatively quiet markets. More of the same...

      • Large list to dominate

        Tuesday's large liquidation BWIC is set to dominate traders' attention across asset classes either s...

      • Strong CLO schedule

        Notwithstanding the big list due tomorrow the CLO BWIC market already has a strong schedule in place...

      • More Trups today

        Another Trups CDO BWIC is circulating for trade today at 14:00 New York time. The $12.5m 13 line l...

      • Trups trade well

        Yesterday's Trups CDO BWIC traded well and at the same time the latest FDIC list was announced. Th...

      • CLO supply spike

        The US CLO market has added significant supply around today's 7.5bn BWIC, which appears to be transf...

      • Euro rejuvenation

        Yesterday's big list has rejuvenated activity and interest across European securitisation asset clas...

  • News

    • Structured Finance

      • SCI Start the Week - 27 October

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

        PipelineA mix of transactions remained in the pipeline at the end of last week. The US$250m Navistar Financial Dealer Note Master Owner Trust II Series 2014-1 and US$325m Sierra Timeshare 2014-3 deals made up the newly-announced ABS, while the US$207...

    • RMBS

      • Backdating impact eyed

        The New York Department of Financial Services (NY DFS) has alleged that Ocwen backdated thousands of letters to borrowers relating to modifications and foreclosures. A large-scale disruption in servicing at the firm as a result of the move is unlikel...

  • Job Swaps

    • Structured Finance

      • Vendor acquired

        Moody's has acquired Lewtan Technologies. The firm will become part of Moody's Analytics' structured...

      • FIG reshuffled

        Barclays' financial institutions group (FIG) has undergone a revamp, following the departure of form...

      • BGC bid commences

        BGC Partners has gone ahead with its attempt to acquire all of the outstanding common shares of GFI...

    • CLOs
    • CMBS

      • CMBS offering strengthened

        Hunt Mortgage Group has opened a commercial mortgage financing office in Cleveland, Ohio. Daniel Eib...

    • Insurance-linked securities

      • LCP acquisition confirmed

        Amlin has signed definitive legal agreements to increase its existing interest in Leadenhall Capital...

    • Risk Management

      • Board shuffle for vendor

        OpenGamma has appointed Mark Beeston as chairman, with Cristobal Conde also being appointed to the b...

  • News Round-up

      • ABCP outflow to be offset?

        The impact of money fund reform on ABCP programmes will vary, depending on the composition of each p...

    • Structured Finance

      • 'Minimal' risk for ECB

        The ECB is taking only minimal credit risk with the ABSPP, according to Fitch. This assessment is ba...

      • Big list trades well

        Yesterday's US$7bn legacy auction saw bonds generically trading at a couple of points higher than ta...

    • CDS

      • Dynamic HY fund offered

        AXA Investment Managers has launched a new fund that aims to take advantage of recent market volatil...

    • Insurance-linked securities
    • Risk Management

      • CVA service unveiled

        Quaternion Risk Management and UBS Delta have teamed up to provide counterparty exposure, CVA/DVA an...

      • New CRT breed debuts

        JPMorgan is in the market with its inaugural risk-transfer RMBS, dubbed JP Morgan Madison Avenue Sec...


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