Push it to the (spread) limit
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PodcastsAnother Fine Mezz podcast

Push it to the (spread) limit

Men lifting weights at Muscle Bach in Venice Beach, CA

◆ UK BTL RMBS tightens ◆ CLO seniors eye 140bp ◆ Plus, a film debut on LinkedIn

This week's episode of Another Fine Mezz was a tale of determination — one of squeezing every last drop you have left.

Firstly, the clouds look to be finally clearing for UK buy-to-let (BTL) lenders, leading OneSavings Bank subsidiary Charter Court to drive its latest UK BTL RMBS tighter.

Then, in European CLOs, managers are taking advantage of strong sentiment crunch spreads tighter and tighter, with some now eyeing the 140bp range on the triple-As. That's inside the US market right now, and about 30bp tighter than the end of 2023.

Finally, Securitization Editor Tom Lemmon returned to host. That was despite his voice nearly deserting him and knowing that his film debut on LinkedIn was likely to see him bullied.

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