Optimism among market participants regarding CLO issuance in 2012 appears to have increased in the past few weeks.

February 6
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  • Volumes for non-investment grade bonds steadily increased throughout 1Q12, with three spikes happening on Jan. 19th, Feb. 8 and 28 that coincided with the dates of the New York Federal Reserve’s Maiden Lane II sales, according to Bank of America Merrill Lynch data.

    March 26
  • HSBC's residential lending and servicing business continues to be under what the bank calls a “strategic review,” leaving its mortgage workers in limbo.Servicing advisors say the bank has considered selling its Depew, N.Y., servicing platform and its roughly $42 billion of receivables, but hasn't liked the bids offered thus has far.

    March 26
  • ABS

    Swiss Re has done a $200 million 144A multi-peril natural catastrophe risk deal via Combine Re. This offering is the first catastrophe bond to combine the risks of two reinsured parties.

    March 26
  • In a note released this morning, Standard & Poor's analysts said that without the potential regulatory hurdles, the conduit B-piece demand will be sufficient to support the estimated CMBS issuance this year.

    March 26
  • ABS

    New York's Suffolk County's tobacco ABS is in the market. The deal, worth $38.1 million, is called Suffolk Tobacco Asset Securitization Corp. Series 2012.

    March 26
  • The CMBS market paralleled broader markets last week with buyers preparing for quarter end. The spreads were roughly unchanged week-over-week as trading volume slowed, according to Bank of America Merrill Lynch analysts.

    March 26
  • Bankrupt bond insurer Ambac Financial Group had a net loss of $963 million in the fourth quarter of 2011.

    March 26