CDOs/CLOs

DFG Investment Advisers, a New York-based money manager, is prepping its first collateralized loan obligation, the $317 million Vibrant CLO.

Standard & Poor’s issued presale reports on two collateralized loan obligations this week, putting issuance for the year to date near $50 billion, by the ratings agency’s count, and near the 2005 total of $53 billion.

An even wider range of securitizations, including some ABCP and CLOs, are now exempt from a requirement to register with the Commodity Futures Trading Commission.

The 2012 tally for CLO issuance is bound to surpass $47 billion this week, according to Standard & Poor’s.

RBC Capital Markets hired Ming Tang to its new collateralized loan obligations (CLOs) trading team, a spokesperson with the bank confirmed this week.

The $600 million Octagon transaction brings year-to-date CLO new issue volume to $49 billion

CREL CDO delinquencies registered their first rise since May 2012, Fitch Ratings reported based on its latest index results.

Moody's has downgraded MBIA Insurance Corp. to 'Caa2' and MBIA to 'Caa1.'

The firm's analysts offer their view on the fiscal cliff’s potential effect on each securitization sector and how this impact relative value.