ABS

The Treasury Department over the past year has deeply cut the size of its 20-year auctions. Yet last week, a $15 billion sale of new bonds -- the smallest yet -- still drew weak demand.

In terms of credit, the underlying secured loans have an indicative weighted average recovery rate of 76.1%, according to Fitch.

South Korea's trade ministry is considering asking the US to postpone the Inflation Reduction Act during which time Hyundai could build a new EV plant.

Proceeds will reimburse the public service company for certain costs incurred after a major winter storm swept through much of the state in February 2021.

Fiscal, monetary, and other authorities across the world acted swiftly amidst extreme uncertainty. They used tools employed during the 2008 financial crisis.

Ali Ben Lmadani, ABL Aviation's founder and CEO, expects to see the values of mid-life aircraft fall from highs seen in 2017, when future values were booked too high.

CSMC 2022-ATH3 has a higher concentration of loans extended to borrowers who are considered foreign nationals, about 25.5%, higher than typical non-prime deals.

The strategists are among the most bullish top-ranked voices on US equities and expect rate-sensitive growth stocks to maintain their outperformance over the value basket.

Expect performance deterioration in student loan ABS, rebounding from low delinquency and default levels of 2020 and 2021 during the peak of the coronavirus pandemic.

The collateral pool includes loans from about four of Change's lending programs, such as the Alt-Doc, usually made to self-employed borrowers.

More of the business is now controlled by independent lenders, and with mortgage volumes plunging this year, many are struggling to stay afloat.

The GCAT 2022-INV3 trust will repay issued notes and provide credit enhancement through a senior-subordinate, shifting interest repayment structure.

(Bloomberg) --A rarely-used financial product that makes it easier to monitor the performance of sustainable projects has been endorsed as a reliable way to avoid greenwashing in the $4 trillion ESG debt market.

Republicans, many whom opposed giving the IRS the extra money, have said it's using the funding to hire an additional 87,000 auditors to target middle-class households.

Some 853 residential mortgages comprise the underlying collateral pool, and they have relatively low original loan-to-value (LTV) ratios, of about 67.7%.

A reasonable person can be forgiven for asking whether an agency with a $13.7 billion budget really doesn't have enough to front some cash.

Eleven of the underlying mortgages are portfolio loans, and others are split loans governed by co-lender agreements, KBRA said, amounting to 38.6% of the pool.

Agricultural equipment has a reliable performance track record. The asset class' background, however, appears to be at odds with the it concentration risks.

As tempting as it may be to again choose the easy course of action, the Fed should resist yet another approach that risks keeping the inflation threat alive for longer.

Notes have junior note subordination as initial hard credit enhancement, a non-declining reserve account, yield supplement overcollateralization and excess spread.