Lloyds Pulls Off Mortgage Bond Sale
May 30, 2013Thursday's sale was already unusually large for the nonagency mortgage bond market, which this year has seen a daily average of about $1 billion in bonds offered, according to Empirasign Strategies, a trade database.
Dow Jones
Europe's Banks Turn to U.S. Subprime for Salvation
May 28, 2013The auction -- mostly securities backed by ALT-A loans, a type of mortgage that typically didn't require documentation such as proof of income -- is the biggest widely marketed sale of securitized debt in at least three years, according to data provider Empirasign Strategies LLC.
Bloomberg News
Biggest Bid List In Years Rescheduled
May 24, 2013Supply of non-agency RMBS on the secondary market has picked up in May, with more than $12.4 billion hitting screens, according to Empirasign Strategies.
GlobalCapital
Lloyds to Sell $8.7 Billion U.S. Mortgage Portfolio
May 23, 2013The assets are a mixture of risky residential mortgage-backed securities issued by Wall Street banks before the financial crisis, according to Empirasign Strategies, a trade database.
The Wall Street Journal
Lloyds Said to Plan $8.7 Billion Sale of U.S. Mortgage Bonds
May 23, 2013The auction is the biggest widely marketed sale of securitized debt since at least March 2010, according to Empirasign Strategies LLC, a New York-based provider of data on securitization-market trading. Eight of the 10 largest auctions were sales by the Federal Reserve of debt acquired from Bear Stearns Cos. and American International Group Inc. during the crisis.
Bloomberg News
Lloyds Behind $8.7 Bln RMBS Sale
May 22, 2013The bonds are scheduled to trade at 11:00 am EDT on Tuesday next week, according to Empirasign Strategies.
GlobalCapital
Mortgage Bond Poised to Set a Dubious First
May 16, 2013May is set to be the busiest month of the year for trading in AJ bonds, said Empirasign Strategies, a trade database.
The Wall Street Journal
Risk-On Mindset Drives Mezz CMBS Rally
May 10, 2013May is on track to be the busiest month for mezzanine CMBS trading since February, said Adam Murphy, CEO of Empirasign Strategies, which compiles trading data across securitized products. "Higher prices are drawing out the fast money sellers. Sell in May and go away has not worked in stocks. Maybe it will work in CMBS mezzanine trading," he added.
Securitization Intelligence
CLO Wave Crests Ahead Of ASF Confab
January 25, 2013And despite a heavy supply of bids-wanted-in-competition—about $900 million in CLO BWICs were seen this week alone, according to data provider Empirasign—the rally continues.
GlobalCapital
BlackRock, Rialto Dump Some of Their 'Skin' in CMBS Game
November 30, 2012Weekly trading in BB-rated bonds shot up as high as $2.4 billion in October, second only to April, when the New York Fed was unwinding a massive portfolio of crisis-era assets, according to Empirasign Strategies. It has averaged $1 billion a week this quarter, twice that of the third quarter, the firm's data said.
The Wall Street Journal
Secondary Trading Back Up And Running
November 05, 2012Asset-backed securities trading in the secondary market is poised to bounce back following wider disruptions in the wake of Hurricane Sandy this week. The U.S. bond market was closed for a day and a half and some buyside and sellside firms were operating on truncated manpower, all but squashing secondary trading volumes last week. "It looks like we're back to about two thirds of a normal trading session, or 85% when you look at today's trading versus a normal Monday," said Adam Murphy, president of Empirasign Strategies.
Securitization Intelligence
Three CDOs Totaling $177.59 Mln Set For Liquidation Next Week
October 04, 2012More than $7.87 billion of CDO liquidations across 33 lists have taken place this year, according to data provided by Empirasign Strategies. In 2011, $12.55 billion in CDO liquidations were offered up, across 57 lists.
Securitization Intelligence
CLO Bid Lists Surge Friday
September 28, 2012The total comprises six lists, including one $223.4 million list of primarily 2006 and 2007-vintage mezzanine and subordinate bonds, according to data provider Empirasign Strategies.
GlobalCapital
Commercial-Mortgage Bond Trades Surge Amid Boost In Offerings
August 17, 2012Investors have sought bids on $4.25 billion of debt linked to everything from skyscrapers to strip malls the past week, 64 percent more than the average weekly volume in 2012, according to Empirasign Strategies LLC, a New York-based data provider.
Bloomberg News
Big CLO Equity Bid List Hits Market
August 10, 2012Bonds came from deals issued by Credit Suisse Asset Management, GoldenTree Asset Management, and Whitehorse Capital Partners among others, according to Empirasign Strategies, a firm that gathers and publishes BWIC data.
GlobalCapital
Subprime Rally Building As Dealers Sop Up Supply: Credit Markets
July 24, 2012Dealers circulated 278 lists of non-agency securities last week in auctions for investors known as "bids wanted in competition," totaling $21.3 billion in face value, the largest amount of debt and fourth-most lists this year, according to New York-based Empirasign, a provider of trading information.
Bloomberg News
Macro Concerns, Fear Of Overhang Check CMBS Secondary
May 24, 2012Activity has been lighter this week, but there are a lot of compounding issues: Greece headlines, the holiday weekend and the Fed. I also think JPMorgan's [credit default swap] exposure may be hanging over the market, making people more risk averse,
Securitization Intelligence
Talk From The Trenches: Additional Fed Action Not A Given
May 15, 2012"The actions of the NY Fed really do not square with those who are anticipating a QE3," said Adam Murphy, President of Empirasign Strategies. "The Fed's unwinding of Maiden Lane is effectively quantitative tightening, not easing, because it's taking money out of the system not putting it in," he added.
Market News International
New Commercial CDO Sale Launched In Wake Of NY Fed Auction
May 01, 2012Morgan Stanley and at least three other dealers are seeking bids on $1.5 billion in collateralized debt obligations backed by commercial real-estate bonds for the owner, UBS AG (UBS, UBSN.VX), according to Empirasign Strategies, which tracks securitized-debt trading, and a UBS spokeswoman. The sale comes just days after the Federal Reserve Bank of New York captured the market''s attention by auctioning $7.5 billion of similar securities.
Dow Jones
Commercial-Mortgage Market Slows Ahead Of Maiden Lane Sale
April 25, 2012Bid lists for "AJ" and slightly safer "AM" CMBS since April 16 has dropped to as little as $12 million in a day in the past week, compared with $100 million to $300 million per day earlier this month, according to Adam Murphy, president of Empirasign Strategies, which tracks trading in CMBS.