The December rush has finally started to place its traditional stamp on spreads as some deals began to see softening on trading, particularly at the triple-A level. However, when looking down the ratings tier, investors will still find a similar story of tightening spreads.

According to Citigroup analysts, triple-A spreads are slightly softer in the secondary market, particularly for triple-A rated RMBS. Primary market pricing has been wider in many cases, with some deals offering a significant premium.

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.