ABS

NMEF 2022-A, benefits from some improved credit characteristics. Personal guarantors have a weighted average (WA) FICO score of 719, up from 712, compared with 2021-A.

This deal appears to be the first since the Netherlands-headquartered multinational acquired First Investors in an all-cash transaction finalized last November.

Treasuries led losses in global bond markets as inflation concerns, stoked by soaring oil prices, overshadowed any haven bids on the back of Russia-related tensions.

CDFI-originated loans are not required to comply with the Ability to Repay (ATR) rules, but the mortgages included were generally made to creditworthy borrowers.

JPMorgan Asset Management’s Kelsey Berro says credit markets are prepped for higher rates and she sees value in several sectors.

Eight middle market CLOs were under critical observation; 97% of them were upgraded and 3% were affirmed, and 14 notes under investment-grade were upgraded.

About 58.1% of the loans are in California, while two California cities -- Los Angeles and San Diego -- make up the pool’s largest MSA concentrations.

The best-performing countries on human and labor rights have significantly lower bond market spreads compared to the worst, even when taking into account factors such as level of income.

The Fed is getting a late start as it is, say observers. Its poky pace of target rate action is setting up the markets for a rush beginning in March.

By the time the latest Vertical Bridge deal, Series 2022-1, closes, the issued notes will be the only ones outstanding from the VB-S1 program.