US Securitization
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Improved sentiment around CRE fundamentals could push spreads even tighter, especially on mezz tranches -
Fund comes as major private credit players increase their presence in asset-backed lending
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At least six external investors bought Soundpoint's equity tranche, GlobalCapital understands
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Securitization issuance from the sector could double in 2024 as funding costs come down and investors turn bullish
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Average spread on AAA tranches of non-QM this year is now 50bp tighter than in October
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Large supply has slowed demand slightly but issuer was still able to increase size of offering
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Top class preplaced, but all other tranches oversubscribed as low leverage draws interest
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Esoteric ABS spreads still have juice in wake of big auto rally
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Top CLO law firm in ‘growth mode’ and will hire more, says partner
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Market has been digesting supply 'extremely well', so investors could eye less frequent issuers
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Spreads on AAA tranches near 100bp threshold and have room to rally more
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At least four deals are waiting to be priced next week
