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Buyers spurn distressed CDO of ABS
15 years ago
Buy-side traders are complaining of a lack of supply in the secondary CDO market, with holders apparently unwilling to sell senior CLO tranches -
Moody’s warns of CLO changes as ratings face six-notch cut
15 years ago
Moody's has made big changes to its methodology for rating cashflow CLOs -
Moody's updates model to reflect CDO methodology changes
15 years ago
Moody's yesterday announced that it has released an updated version of its CDO model, CDORom. -
Trups CDOs collateral has deteriorated sharply, according to PF2 Securities Evaluations
15 years ago
A recent research report by PF2 Securities Evaluations "A troubling year for trups CDOs" analyses performance in the $59 billion trups CDO market -
Single A 2006 CLO tranche offered in mid-teens
15 years ago
A $5 million piece of the single A tranche of a 2006 CLO reflects the continued distress in secondary CLO prices. -
Short-life senior CBO tranche changes hands
15 years ago
A $2 million first pay piece of a 2001 CBO traded last week according to market sources -
Mid-market CLOs trade from rare bid list
15 years ago
It is understood that two bonds from a list of eight middle market CLOs traded last Thursday (29 January) -
Latest CDO of ABS bid list could see bids in single digits
15 years ago
At least one dealer has a three item cash ABS CDO bwic shown in the market, with bids at 11am New York time today -
Insurer takes CDO hit
15 years ago
US insurance company Aflac took a $125 million write-down on CDOs as it reported its fourth quarter results yesterday -
Regional bank writes down trups CDOs by 99%
15 years ago
A US regional bank has written down its portfolio of trups CDOs to one cent in the dollar -
Look out for robust CLO event of default triggers, says Citi
15 years ago
Citi suggests in recent research that investors in double-A rated CLOs should look for robust event of default (EOD) triggers, better pools (first-lien, fewer LBO names, and few CLO mezzanine tranches). -
US prop desk looks to sell unique senior ABS CDO tranche
15 years ago
A $5 million piece of a Lehman Brothers-underwritten ABS synthetic CDO is up for auction today at noon from a US prop desk -
Senior triple A CLO trades as buyers hunt for a quick pay-down
15 years ago
A $20 million block of triple A notes from a 2006 CLO traded recently -
Forced sale yields low bids for CDOs of ABS
15 years ago
An auction of CDOs of ABS with a face value of around $54 million this week produced an average price of only 1.5 cents on the dollar -
CLO single A note trades in single digits
15 years ago
A 2006 CLO has recently seen its class C, single A rated tranche trade -
CDO squared liquidation unleashes flood of triple B CDOs
15 years ago
A flood of mainly triple B CLO and CDO of ABS paper is set to hit the market today as a bank liquidates its 2007 CDO squared -
Prop desk circulates rare mid-market CLO bid list
15 years ago
A US bank prop desk has put out an auction list consisting primarily of arbitrage cashflow middle market CLOs -
Average US CLO will breach its junior test by mid-year, says JP Morgan
15 years ago
JP Morgan calculates that the average US CLO overcollateralisation ratio will fall by 3-4% by June 2009 as a result of new loan defaults and the rise in triple C assets -
Regional bank takes big new hit on trups CDOs
15 years ago
One of the largest US regional lenders yesterday reported big new write-downs on trups CDOs -
US bank trades senior CLO tranches
15 years ago
Buyside sources report that one of the largest US banks traded two senior tranches of seasoned CLOs last week -
European bank announces €2 billion of new credit write-downs
15 years ago
Dutch bank ING announced significant new write-downs on credit instruments today, as it pre-announced its full year earnings -
Triple A CLO tranche clears in mid 60s
15 years ago
Last week's auction of five triple A CLOs saw a 2007 deal trade with a cover in the mid 60s and a final clearing price very close to that level -
CDO sells off distressed CDO assets
15 years ago
Structured Asset Investor's Sagittarius CDO I, which has suffered an event of default, will see further assets liquidated through a 10-CDO bid list due today -
London-based manager takes over CDO of ABS
15 years ago
A UK-based asset manager has taken over as manager of a CDO of ABS that recently suffered an event of default -
Trups CDO holder takes sharp loss
15 years ago
A holder of a 2007 trups CDO crystallised a sharp loss by selling junior triple A and double A tranches
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