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SecuritizationRMBS

JP Morgan CIO anchors UK RMBS at pre-virus coupon

Mortgage_AdobeStock_575x375_12March20

JP Morgan’s chief investment office is likely to be the main anchor buyer in the £1.29bn senior tranche of a new UK RMBS, the second slug of a portfolio sold by the UK government’s bad bank last year. The deal, officially priced on Tuesday, was executed at levels determined before the coronavirus panic blew out spreads for UK mortgage bonds.

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