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The 2022-C deal has a weaker borrower profile among loans with 61- to 72-month terms, loan terms that typically have higher loss frequency and defaults.

The worst Treasury rout in decades has room to run as the Fed unreservedly makes fighting inflation its top priority, according to JPMorgan Asset Management.

Reduced-rate loans, originated through third-party lenders, comprise a majority of the collateral in the transaction, at 58.3%.

Profits and losses aren't usually thought of as a consideration for central banks, but rapidly mounting red ink at the Federal Reserve and many peers risks becoming more than just an accounting oddity.

There's a "quite high" probability that the U.S. central bank will need to cut rates close to zero in the next three to five years, says Steven Major, HSBC's head of fixed income research.

Some 59.5% of the pool comes from Marriott Vacation Club, up substantially from 45.0% in 2022-1. The loans have stronger performance track records than other brands, except for Westin.

Junk bond sales are falling at an unprecedented rate globally as interest rates rise, a double blow to riskier companies in need of financing in the next few years.

U.S. Treasuries tumbled Friday, driving most benchmark yields to the highest levels since 2007, as policy makers signaled their determination to keep raising rates.

Revenue from operations and benefits from a perfected security interest in the securitized assets comprise the collateral assets.

The world's biggest banks have already had to use about $30B of their own cash to fund loans for acquisitions and buyouts that they weren't able to offload to investors.