ABS

Mosaic 2022-2 will not include a pre-funding period, and the transaction's collateral pool will be static, and not include a capitalized interest account.

Allianz counts on its asset management units to diversify its business beyond insurance, while Pimco is facing headwinds as investors fled fixed-income securities.

The solar industry has made significant strides, and the related ABS market should continue under its own momentum, providing investors with attractive returns.

The collateral pool consists of publishing and recording rights on a 950-song catalog from artists such as Justin Timberlake and Nelly Furtado.

Tesla had nearly $19 billion in cash and short-term investments by the end of June, and Levington expects it to generate over $24 billion of additional free cash flow through next year.

Net cash flow had decreased to $144.1 million in 2020, before recovering to $181.3 million in 2021 and $195.9 million for the trailing twelve-month period that ended in May.

With speculation over whether Beijing might weaponize its vast holding of Treasuries, investors have been outlining how the US House Speaker's trip may have a long-term market impact.

Octane is managing increased warehouse financing costs while not recognizing gains on securitization residual sales.

Markets expect the surge in consumer prices will soon peak and central banks will become less hawkish, but there’s a high risk that global cost pressures will remain elevated.

A potential credit drawback on the deal is the mismatch between the fixed rate underlying automobile loans and the SOFR rates to be paid to noteholders.

Proceeds are earmarked for general corporate purposes, including the financing of share buybacks and dividends, said the person, who asked not to be identified as the details are private.

The deal has a significant concentration of California-based loans, leaving the timely repayment of notes vulnerable to regional economic stresses or natural disasters.

Vranos, a former rising star at Kidder, Peabody & Co Inc. in the early 1990s, left in 1994 to form Ellington, which capitalized on the mass sell-off in mortgage securities following the Fed’s rate hikes.

Owing to the revolving pool, Fitch Ratings assigned a base case default ratio of 3.9%, even though the rating agency’s default assumption for the pool was 3.1%.

Naturally, some investors think that incoming data on a softening economy could scare the Fed away from further tightening. That’s misguided though.

The OBX 2022-J2 Trust will pay notes from a capital structure that follows a shifting interest structure, and subordinate bonds can receive principal payments.

The yield on the two-year Treasury moved to be as much as 32 basis points higher than the 10-year yield, which slid in the wake of the Fed’s announcement that it was raising its overnight benchmark by 75 basis points.

The days when blue-chip firms borrow super cheaply for decades are gone, at least for now. Corporate treasurers have instead been turning more to commercial paper.

The deal’s average receivables balance, and collateral APR are both higher, but its WA FICO score has slipped, compared with the program’s previous deal.

The difference between rates on where three-month bills are now and where they will be in 18 months has tumbled about 95 basis points in July, the biggest monthly decline in data starting in 1996.