Yorkshire pushes RMBS through volatility

yorkshire right size
By Tom Porter
16 Oct 2014

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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