Economists say the U.S. economy is leaving 2024 healthy, with unemployment low, inflation manageable and growth robust. Unknown variables — including the depth and scope of President-elect Donald Trump's immigration and tariff policies — could change that course, but likely not until 2026.
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The overlooked segment offers a premium over AAAs backed by significant subordination, the firm says.
December 20 -
The $300 million offering marks private-market-specialist StepStone's inaugural middle market CLO.
December 20
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ABS overall should outperform, but risks remain in specific areas
December 19
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Over the past two weeks, the 10-year Treasury yield, priced on market expectations, increased over 40 basis points and that is finally being seen in the Freddie Mac survey.
December 19
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The deferred pay structure offers investors a premium over traditional residential transition loan securitizations.
December 19
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Deal finds lower pricing and adds a new class of AAA notes.
December 19
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The Federal Reserve lowered its policy rate but signaled a more "cautious" approach to future cuts in light of higher inflation expectations. Policy uncertainty was one of several contributing factors to that change in forecast.
December 18
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Higher charges for BB bonds would only marginally impact CLO market.
December 18 -
Tighter spreads are expected as floating-rate demand continues.
December 17
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The deal mitigates mortgage-pool risk with CLO credit strengths
December 17
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Nonagency issuances are expected to increase 85% for this year over 2023, and rise another 36% in 2025, the second best since the financial crisis.
December 17
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Unlike some recent RMBS deals, both exclude riskier interest-only loans and those supporting investment properties.
December 16
