ABS

Bond investors may already be pricing in the peak of the US rate cycle as concerns about a downturn mount, according to Steven Major, global head of fixed income research at HSBC.

As Revlon files Ch. 11, powered by a proposed $575 million debtor-in-possession facility, experts raise flags on the potential erosion of its outstanding CLOs.

(Bloomberg Opinion) -- If you’re still holding out hope that the Federal Reserve will be able to engineer a soft landing in the US economy, abandon it. A recession is inevitable within the next 12 to 18 months.

Nissan Auto Lease Trust, 2022-A’s base residual value—as a percentage of securitization value—had increased to 72.3%, up from 71.6% on the previous deal.

Barretto will be responsible for building out MUFG’s ABS trading platform, with a specific focus on expanding the firm's esoteric business and market share.

Starwood Mortgage 2022-4, will issue certificates secured by fixed- and adjustable-rate mortgages, the latter pegged to the Secured Overnight Financing Rate.

Sentiment this week is being helped by comments from President Joe Biden that a US recession isn’t “inevitable,” but the outlook remains parlous for investors.

A high concentration in multifamily properties, which have defaulted at much lower rates than other property types, is a positive consideration.

High hopes for 2022 crashed when Russia invaded the Ukraine, which left hundreds of aircraft stranded in Russia. But sector consolidation could lead to more deals.

Inflation and fears of potential recessions that are playing havoc with stocks, bonds, currencies and crypto are hurting loans too. This is a problem for banks that underwrite loans and sell them to investment funds.