US ABS – A Month In Review By Market (August 2010)

Agency MBS pass-throughs came under pressure in August after rallying over the past couple of months as lower overall mortgage rates hurt higher coupons. Lower coupon Fannie 30-year To-Be-Announced bonds, namely 4.0’s, 4.5’s rose by 0.50–1.00 pts, but 5.0–6.5’s were lower by anywhere from 0.38–1 pts. Prices for IOS.FN30 dropped across the board, falling by 1.25–3 pts across the various coupons/cohorts.

  • 03 Sep 2010
RMBS Market Commentary
Agency MBS

Agency MBS pass-throughs came under pressure in August after rallying over the past couple of months as lower overall mortgage rates hurt higher coupons. Lower coupon Fannie 30-year To-Be-Announced bonds, namely 4.0’s, 4.5’s rose by 0.50–1.00 pts, but 5.0–6.5’s were lower by anywhere ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,665 23 12.97
2 Citi 5,781 17 11.25
3 BNP Paribas 3,715 15 7.23
4 Barclays 2,853 9 5.55
5 Credit Suisse 2,783 8 5.42

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
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  • Today
1 Citi 99,250.27 279 13.11%
2 Bank of America Merrill Lynch 92,153.61 267 12.17%
3 Wells Fargo Securities 72,661.39 222 9.59%
4 JPMorgan 52,367.24 169 6.91%
5 Credit Suisse 41,885.89 127 5.53%