Weekly Issue Archive »

Issue 453 - 4th September

  • News Analysis

    • CMBS

      • Retail therapy

        Store closures spur CMBS reassessment

        US CMBS players are keeping a cautious eye on struggling retailers with exposure to the asset class. Against this backdrop, asset diversity and the ability of loans to refinance are key differentiators. "The retail exposure in US CMBS is certainly...

  • SCIWire

      • Euro CLOs seek clarity

        The European CLO secondary market is seeking clarity on pricing levels following a very quiet summer...

      • US CLOs becalmed

        A late Labor Day combined with continuing broader market volatility has becalmed the US CLO secondar...

      • Euro secondary still slow

        Despite hopes for a post-August spike, volumes in the European securitisation secondary market are s...

      • US RMBS on hold

        The US non-agency RMBS secondary market is effectively on hold until after the long weekend. "It's...

      • Euro secondary ticks up

        Broader market improvement on the back of the message from the ECB and the Chinese holiday has exten...

  • News

    • ABS

      • Liquidity, collateral quality compared

        JPMorgan ABS analysts have reviewed liquidity and collateral quality, based on TRACE data from 1 June to 29 August, in the two benchmark US ABS sectors - autos and credit cards. The analysis indicates that credit card ABS saw the largest cu...

    • CLOs

      • CLO slice financing considered

        Although the US CLO market has now surpassed its pre-crisis size, the number of managers issuing CLOs has decreased. With risk retention set to cull numbers further, vertical slice financing could provide managers with a solution. There were 181 CL...

      • CLO 1.0 potential scouted

        The US CLO 1.0 market may now be well onto the home straight, but that does not mean there is not still value to be found. Illiquidity is a risk and certain plays depend on the timing of when deals are called, but investors able to handle these facto...

      • CLO drilling exposure weighed

        Moody's has placed 11 offshore drilling companies under review for downgrade, five of which have loans held in outstanding US CLOs. Wells Fargo structured products analysts suggest that the potential downgrades present&...

  • Talking Point

    • Structured Finance

      • A bright future for securitisation

        James McEvoy, head of structured finance at Alter Domus, applauds regulatory recognition of the bene...

        An increasing appreciation of how securitisation can help fund the real economy seems to be finally gaining traction, after a number of years of limited activity throughout Europe. The European Commission's green paper on building a Capital Markets...

  • Job Swaps

    • Structured Finance

      • Solar firm taps SF expert

        8minutenergy Renewables has named Fred Vaske as vp of project finance. He previously worked as direc...

    • CDS

      • CDS trader returns to bank

        Melvyn Merran has joined UBS to trade clearing house-processed credit derivatives. He will trade CDS...

    • CMBS

  • News Round-up

      • Japanese CMBS RFC issued

        Moody's is requesting comment on proposed enhancements to its approach to rating Japanese large loan...

      • SME ABS growth predicted

        A new study commissioned by Amicus reveals that 69% of European institutional investors believe ther...

    • Structured Finance
    • CMBS

      • CMBS barbelling rises

        US CMBS deals are increasingly including meaningful exposures to lower leverage loans that skew a po...

      • CMBS properties acquired

        CALCAP Advisors has acquired two Las Vegas apartment properties in an Auction.com sale. The seller f...

      • RMBS recoveries revealed

        August non-agency RMBS remittances show cash payouts for three DBALT deals in relation to the Monarc...

      • CRT rating upgrades begin

        Moody's is the first rating agency to upgrade CRT bonds after taking action on CAS 2014-C01 M1, STAC...


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