Weekly Issue Archive »

Issue 422 - 28th January

  • News Analysis

    • CDS

      • Made to measure

        Tranche investment patterns changing

        The end of 2014 was also something of an end of an era for the credit derivatives markets, as the CDX IG9 index reached a seven-year maturity and a considerable amount of risk exited the market. The nature of the investment now appears to be changing...

  • Market Reports

    • ABS

      • Euro ABS up and running

        The European ABS market has begun to pick up steam over the last week and will be further boosted by yesterday's highly anticipated QE announcement from the ECB. However, the immediate ABS spread reaction to the QE announcement has been limited, as t...

    • CLOs

      • CLO space stays active

        The storm battering the north-eastern US put a freeze on most secondary market activity yesterday, although a number of US CLO bid-lists did circulate. SCI's PriceABS data captured price talk on 39 unique US CLO tranches during Tuesday's session. M...

  • SCIWire

      • Euro ABS/MBS settles down

        The European ABS/MBS secondary market saw a brief hiccup yesterday before settling down to wait on t...

      • Euro ABS/MBS unmoved

        The ECB's QE announcement earlier has found favour elsewhere, but the European ABS/MBS market is unm...

      • Euro CLO schedule surge

        European CLOs are seeing an uptick in secondary activity thanks to broader securitisation market pos...

      • Greek RMBS soften

        Broader market pessimism over the Greek election result and subsequent coalition formation is reflec...

      • Euro CLOs on the rise

        After a slow few weeks, European CLO secondary market volumes are on the rise. "We've seen very li...

      • Euro secondary activity up

        The European secondary markets are seeing increased activity across jurisdictions and securitisation...

  • News

    • Structured Finance

      • SCI Start the Week - 26 January

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

        Pipeline A number of the deals which joined the pipeline last week then went on to price before the weekend. At the final count there remained one newly announced ABS, two ILS, two RMBS, four CMBS and one CLO. The ABS was US$737.5m OneMain Financi...

    • CMBS

      • Ratings probe settled

        The US SEC, in conjunction with the New York and Massachusetts Attorneys General, has fined S&P US$77m and banned it from rating new issue conduit CMBS for one year. The move is expected to have a minimal effect on the CMBS market, however. ...

    • RMBS

      • HSART EODs eyed

        BlueMountain Capital Management has notified the trustee of HLSS Servicer Advance Receivables Trust that three EODs have been triggered under the trust indenture. If a sufficient number of other noteholders agree with the firm's assessment, the RMBS...

  • Job Swaps

    • ABS

      • CPS in subprime auto probe

        Consumer Portfolio Services has disclosed in a regulatory filing that it has received a civil invest...

    • Structured Finance

      • Manager adds credit vets

        TCW Group has added Melinda Newman and Drew Sweeney to its fixed income team as svps. Both hires are...

      • Board movements made

        Fifth Street Finance (FSC) has promoted Todd Owens to ceo after Leonard Tannenbaum resigned from the...

      • AIF team expanded

        Scope has bolstered its research in alternative investment funds (AIF) with the addition of three ne...

    • CDS

      • Credit index group formed

        JPMorgan has formed a new global credit index business. The group will be headed by Samik Chandarana...

      • BGC ups stakes again

        BGC Partners has increased its fully financed all-cash tender offer to acquire all of the outstandin...

    • Insurance-linked securities

      • Reinsurance merger agreed

        AXIS Capital and PartnerRe are set to merge, following unanimous approval by both companies' boards...

    • Risk Management

      • Calypso president named

        Calypso Technology has appointed Pascal Xatart as president, responsible for all day-to-day operatio...

  • News Round-up

    • ABS

      • Solar ABS ready to shine

        The US rooftop solar industry has achieved the scale and maturity to tap the securitisation markets...

      • Lebanese auto deal debuts

        Bemo Securitisation has launched and co-placed with Fransa Invest Bank an auto loan ABS issuance for...

      • Sovereign ceilings lifted

        Moody's has taken rating actions on a number of Spanish, Irish, Portuguese and Italian ABS and RMBS...

    • CDS

      • Caesars decision due

        ISDA's Americas Determinations Committee anticipates that a decision in connection with the external...

      • NewOak branches out

        NewOak has opened new offices in Atlanta, Boston and Irvine, California, as it expands its mortgage...

      • Rate dip buoys borrowers

        US mortgage rates have declined to near-historic lows, according to Fitch's latest quarterly index r...


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