US Securitization
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Issuer’s previous deal had less credit enhancement and lower ratings
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US RMBS has had the busiest month of issuance in almost two years
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◆ Triple-A rated US CLO spreads close in on140bp ◆ CLO manager tiering barely visible ◆ Gearing up for Barcelona
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Student loans prepayments set to accelerate as Biden administration pushes borrowers to new repayment plan
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Investors argue value is being squeezed as new and lower-tier managers price deals at tier one levels
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Triple-As in red hot US CLO market head towards 140bp despite flood of deals
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Broader market has tightened but credit unions still offer pick-up to other prime auto issuers
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First episode in special series talking to senior figures in the CLO market
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Latin America among the roadshow destinations for Ginnie Mae
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Small business, consumer loan, and fiber deals join the 15-G pipeline
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At least eight deals in busy pipeline are looking to price inside 150bp
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Market participants, particularly banks, are highly sensitive to Fed moves