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 ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

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) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,505.59 4 20.86%
2 SG Corporate & Investment Banking 1,292.64 1 17.91%
2 Rabobank 1,292.64 1 17.91%
4 Wells Fargo Securities 760.56 2 10.54%
5 BNP Paribas 598.25 2 8.29%