Not surprisingly, in light of the plethora of fallen angels, a number of accounts are trying to unload distressed investment-grade synthetic CDOs that are currently highly-rated, the segment most impacted by the credit trend.

According to one investor, four-year bullet maturity, highly rated IG synthetic CDO paper is being offered cheap.

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.