| 2017 | 2016 | 2015 | |
|---|---|---|---|
ABS (Public + 144A) | 114,400.3 | 75,494.4 | 120,641.7 |
| ABS (Public + 144A excluding CDOs) | 88,144.5 | 63,711.7 | 84,776.4 |
| ABS (Public Only) | 44,640.4 | 30,509.4 | 49,342.0 |
| ABS (144A Only) | 69,760.0 | 44,985.0 | 71,299.7 |
| Non-Agency MBS | 32,589.7 | 28,169.7 | 56,061.0 |
| Agency MBS | 92,748.5 | 97,785.8 | 76,172.1 |
| CMBS | 42,750.3 | 44,150.2 | 44,949.5 |
| Source: Thomson Reuters | |||
Steady cash flows are attracting new capital to music royalty investments, including securitization, as issuers pursue deals with a broader range of artists.
FIGRE 2026-HF3 will repay noteholders on a pro rata basis but is subject to a provision that requires the deal to repay noteholders sequentially after a credit event.
Caution around the move is growing as focus has shifted to affordability, and current trading prices make near-term action unlikely, according to Wedbush.
Fitch notes that the pool's collateral quality is consistent with previous transactions. The current deal has a FICO score of 774 and a diverse segment and vehicle mix.
When the deal closes the indenture will be amended to allow it to issue liquidity funding notes, which will serve as a liquidity backstop to fund shortfalls in the liquidity reserve account.
The conflict pushed oil price futures above $100 a barrel for a short time earlier this week, which affected bond investors and the 10-year Treasury yield.
