Though it's well known that fewer CDOs have been pricing lately - linked to difficulty in placing mezzanine tranches - Laurie Goodman, head CDO researcher at UBS Warburg, goes on the record in her monthly research report stating that several mezzanine CDO tranches are clearing at spreads considerably wider than where initially priced.

Lately, only well established managers have been able to sell their deals at all, especially without a surety wrap, either in the primary or secondary market.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.