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) 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 1,712.34 6 12.44%
2 SG Corporate & Investment Banking 1,292.64 1 9.39%
2 Rabobank 1,292.64 1 9.39%
4 Mizuho 1,215.54 3 8.83%
5 Wells Fargo Securities 1,012.71 4 7.36%