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RMBS

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  • FIG
    Spain’s Kutxabank has announced the take-up results in its ABS and tier two buyback, which was priced through unmodified Dutch auction, saying it will repurchase €210m of lower tier two and ABS paper at an average price of 72% of par.
  • Non-agency residential mortgage-backed securities have been outperforming junk-rated corporate bonds during the European debt crisis, according to Amherst Securities Group.
  • The secondary market continues to remain open and receptive to the Federal Reserve Bank of New York’s asset sales from its Maiden Lane III portfolio, as the central bank prepares to offload another $7.1 billion in legacy collateral this week.
  • BNY Mellon Capital Markets is expanding its mortgage securities trading desk, picking up a handful of traders from Ally Securities, a unit of Ally Financial.
  • Banco Cooperativo Espanol repurchased just over half of its targeted €500m for a tender of predominantly RMBS transactions.
  • The Federal Reserve has unveiled proposed capital requirements for banks with at least $500 million in assets based on measures adopted by the Basel Committee on Banking Supervision.
  • AAA-rated U.S. commercial mortgage-backed securities are largely resilient enough to withstand a hypothetical severe recession and deeper deterioration in the real estate markets, Fitch Ratings concluded following stress tests it conducted on the securities.
  • The Federal Reserve has unveiled proposed capital requirements for banks with at least $500 million in assets based on measures adopted by the Basel Committee on Banking Supervision.
  • AAA-rated U.S. commercial mortgage-backed securities are largely resilient enough to withstand a hypothetical severe recession and deeper deterioration in the real estate markets, Fitch Ratings concluded following stress tests it conducted on the securities.