ABS Markets

All Update archive

SCI ABS Markets covers International ABS providing Australian, European and UK ABS, CMBS and RMBS deal-focused news and data. It covers both the primary and secondary markets for such cash securitisations, which are tranched bonds that offer investors notes with different levels of seniority backed by a range of assets or receivables. ABS, or asset-backed securities, reference non-mortgage assets such as: auto loans/leases; consumer loans/credit cards; commercial finance, equipment and transport leases; NPLs; and SME loans. CMBS, or commercial mortgage-backed securities, and commercial real estate CLOs, or CRE CLOs, are backed by commercial mortgages or other commercial real estate assets. RMBS, or residential mortgage-backed securities, are backed by residential loans including: buy-to-let, non-conforming, NPL and Prime mortgages.

  • ABS Markets Daily - 16 December 2022

    *Year-end?
    *Retained auto deal
    *New warehouse

    Year-end?

    With European and UK ABS/MBS primary activity coming to a standstill, the market’s long-awaited year-end feels as if it has finally arrived at least for public deals. Though private deals continue to slip out.

    “The focus now is clearly on January,” notes one European ABS/MBS trader. “We expect a few transactions ...

    16 December 2022

  • ABS Markets Daily - 15 December 2022

    *New private RMBS
    *PCS predictions

    Primary market

    Details emerged today of a new privately placed RMBS via Morgan Stanley. Clavel Residential 2 references a static pool of reperforming Spanish residential mortgages originated by Santander. Almost the entire portfolio is linked to loans with prior restructurings, of which 74% relates to grace periods allowing the borrower to pay only the interest component of ...

    15 December 2022

  • ABS Markets Daily - 14 December 2022

    *Factsheets in
    *Primary & secondary stay quiet

     

    Factsheets in

    Mid-month often equates with the release of ABS/MBS fund factsheets and market commentaries, allowing reflection on past and current trends.

    According to Ostrum Euro ABS fund’s factsheet, European ABS spreads in November witnessed a significant tightening of the senior (15-30 bp) and mezzanine tranches (35-100 bp) and returning to the levels seen ...

    14 December 2022

  • ABS Markets Daily - 13 December 2022

    *Investor expectations
    *New CMBS

    Investor expectations

    13 December 2022

  • ABS Markets Daily - 9 December 2022

    *Pattern set
    *Latest primary deal priced


    Pattern set

    9 December 2022

  • ABS Markets Daily - 7 December 2022

    *Prime activity expected
    *Another retained new issue
    *BWIC focus in secondary

    Prime activity expected

    7 December 2022

  • ABS Markets Daily - 5 December 2022

    *Predictions placed

    *Primary quiet

    *Secondary still active, especially CMBS

    5 December 2022

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