Global CLO roundup: New issues to pick up this week amid YTD tights
September 12, 2016Investor demand for AAAs is still evident in the secondary. One May 2015 vintage AAA tranche covered at 143 bps on Friday after previously covering at 159 bps in late May, according to data from Empirasign Strategies.
LCD News
Premium Point sells $6.2 billion mortgage bond portfolio
August 31, 2016The sale is the biggest auction of non-agency mortgage bonds since October 2014, when banks sold a US$5bn list, according to trade data provider Empirasign Strategies.
Reuters
Huge legacy list pushes CMBS secondary volumes
July 26, 2016According to data from Empirasign, which tracks secondary ABS data, the bond covered at a premium of 101.702, and all other bonds covered at a premium of 100.070-103.156.
GlobalCapital
CLO Trading Back on Track
July 15, 2016The trading started with a flurry on July 7 that included a $78.6 million offering. July 8 and 11 saw bidders pick up some paper out of dealer inventories, with bid lists circulating on the heels of those sales. They included a $130.1 million portfolio on July 13 and a $144.6 million book on July 14, according to Empirasign.
Asset-Backed Alert
Bargain hunters step into ABS post Brexit vote
June 24, 2016One buyer picked up a US$2.7m sliver of a senior Ally Financial auto bond from 2012 after it fetched a cover bid of 60bp, or 10bp more than a dealer was offering two days prior, according to trade data provider Empirasign.
IFR Markets
Empirasign Hires in Engineering, BizDev
June 23, 2016New York-based bond data provider Empirasign Strategies hired two new staffers this week to support its technology and business development functions.
Inside Market Data
Empirasign Adds IDC, TR Evaluated Prices
June 20, 2016Empirasign Strategies, a New York-based provider of dealer bond offerings and trade color, has added evaluated prices from Interactive Data and Thomson Reuters to its platform, to provide a "second opinion" for traders looking for more context around dealer prices.
Inside Market Data
Prosper Said to Meet Fortress, Others About Capital Injections
May 16, 2016Prosper loans that were packaged into bonds by Citigroup Inc. and sold to investors fell by 4 cents on the dollar to 93 cents over the last week, according to bond data firm Empirasign Strategies.
Bloomberg News
Lending Club News Taken in Stride
May 13, 2016Amid light trading this week, spreads widened marginally, but most issues were still trading near par. For example, a $5 million batch of bonds from a deal Citigroup issued in October changed hands at 99.5 cents on the dollar, according to Empirasign. A week earlier, the same paper was trading at par, one trader said. The 2.2-year bonds, with a "Baa3" rating from Moody's, are backed by consumer loans originated by Lending Club rival Prosper Marketplace.
Asset-Backed Alert
DRB deal unfazed by Lending Club fallout
May 12, 2016On Thursday, a slice of the B/BB rated class from Citibank's last securitization of Prosper Marketplace loans in March saw a cover bid in the 950bp area but didn't trade, according to data provider Empirasign. Three dealers were talking the bond at more optimistic levels in the mid-high 700s range before the auction.
IFR Markets
ABS dealers shed holdings in March
March 28, 2016According to data from Empirasign, which tracks ABS secondary market trading volume, around $144.3m of agency adjustable rate mortgage bonds traded on March 21, while non-agency trading saw volumes of $142.8m on March 22 and $419.5m on March 23.
GlobalCapital
Busy secondary market holds back CLO primary issuance
February 11, 2016According to data from Empirasign, which tracks secondary market ABS trading activity, the first two weeks of February have seen over $760m worth of CLO paper hit the market.
GlobalCapital
Wobbly CLO Prices Attract Bidders
January 22, 2016All told, CLO notes with a face value of $444 million changed hands from Jan. 12 to Jan. 20. That's out of a total offering volume of $611 million, according to Empirasign.
Asset-Backed Alert
Empirasign Opens London Office to Grow EU Bond Market Penetration
December 04, 2015New York-based Empirasign Strategies, a provider of fixed income dealer offerings and trade color, has opened an office in London, and expects to have four staff based in the city by early next year to serve its growing client base...The vendor has also adapted its alerts function to take into account the differences between the US and UK bond markets.
Inside Market Data
FFELP ABS widens on ratings jitters
November 24, 2015According to data from Empirasign, six different SLABS bonds trading in November reflected an average price drop of $0.088 after Fitch's announcement, giving the impression of a muted but negative reaction.
GlobalCapital
Short-Term CLO Buyers Resigned to Losses
October 23, 2015On Oct. 20, for example, a mere 10.7% of the CLO paper offered on the secondary market failed to trade. That's down from 19.5% on Oct. 15, 33.3% on Oct. 14 and 28.6% on Oct. 13, according to Empirasign.
Asset-Backed Alert
More CLO Credit Trades as Investors Become Opportunistic
October 19, 2015One BWIC on Thursday morning featuring 2.0 BBB and BB CLO tranches saw eight out of the nine items trading, according to data from Empirasign Strategies. Those mezz tranches have been trading about five to 10 points below their previous prints.
LCD News
Hooters Pays Up to Attract ABS Investors
October 07, 2015One dealer was offering a slice of the original Hooters A2 bond on Wednesday at a spread of Swaps plus 375bp - a full 30bp beyond its offer of 345bp on a similar parcel at the end of September, according to market data provider Empirasign.
IFR Markets
VOLKSWAGEN'S ABS BONDS WIDER AMID SCANDAL
September 23, 2015A senior slice of the issuer's VALET deal from 2014 was offered at about 60bp over swaps versus 40bp earlier this month, market data provider Empirasign's data showed.
IFR Markets
HEARD IN THE HALLS
September 15, 2015"If the Fed does hike, and interest rates rise and margins get compressed, banks will feel compelled to retain less of their loans – even if net origination is lower. That could actually help kickstart the resi MBS market." – Adam Murphy, chief executive, Empirasign.