Treasuries Rise On MBS Weakness

  • 17 Jul 2007
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U.S. Treasury bonds have risen for a second straight day amid speculation that subprime mortgage loan securities losses will increase, reports Bloomberg News. According to James Collins, a Citigroup Global Markets analyst, the market is waiting for the other shoe to drop in mortgage-backed securities.

The market has otherwise been healthy with the Dow Jones Industrial Average hitting a record high and the Standard & Poor’s 500 Index slipping 0.2% from a record. “As long as there's not spillover or contagion into the broader market, this is just a repricing of lower-quality risk products,” said James Caron, head of U.S. interest-rate strategy at Morgan Stanley in New York.

Click here to read the story from Bloomberg News

  • 17 Jul 2007

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 %
  • Last updated
  • 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%