Economist Warns Of US Subprime Perils

  • 05 Jul 2007
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Credit markets are vulnerable to defaulting US subprime mortgages and investors should pay more attention to signs of a possible meltdown in the US housing market, according to Andrew Freris, a chief economist for Asia Pacific for BNP Paribas, reports China’s The Standard.

There was even a possibility that a meltdown in the US property market could adversely affect Hong Kong real estate, said Freris. “I just have a feeling in my stomach. It makes me uneasy,” he said. Freris also predicted that the US will cut short-term interest rates by 25 basis points in the first quarter of 2008.

Click here to read the story from The Standard.

  • 05 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) 1,284 2 30.09
2 Barclays 633 1 14.82
3 BNP Paribas 509 1 11.91
4 Citi 467 1 10.94
5 Morgan Stanley 455 1 10.66

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 10,064.23 34 12.73%
2 Barclays 7,915.37 23 10.01%
3 Bank of America Merrill Lynch 7,473.95 24 9.45%
4 JPMorgan 7,314.30 26 9.25%
5 Wells Fargo Securities 6,258.35 24 7.92%