Yorkshire pushes RMBS through volatility

Yorkshire Building Society is preparing to price its first RMBS transaction of the year on Friday morning at the end of a torrid week of secondary trading that has sent comps for the deal bouncing around in a 10bp range.
Arranger Royal Bank of Scotland and joint lead managers Lloyds and JP Morgan put out initial price thoughts for the as yet unsized 3.3 year triple-A rated tranche of Brass No. 4, which will be part sold and part retained, at 55bp area over one month Libor on
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