| MANAGER ACTIVITY | ||||
| Full Credit to Book (Equal if Joint) U.S. Public ABS Market/144A Market | ||||
| CDOs | ||||
| Managers | Proceeds (mils) | Rank | Mkt. Share | # of Issues |
| Merrill Lynch & Co Inc | 20,440.3 | 1 | 15.8 | 31 |
| Citigroup | 15,566.2 | 2 | 12.0 | 34 |
| Wachovia Corp | 14,272.5 | 3 | 11.0 | 25 |
| Morgan Stanley | 10,237.5 | 4 | 7.9 | 34 |
| Banc of America Securities LLC | 9,253.0 | 5 | 7.1 | 31 |
| Bear Stearns & Co Inc | 9,100.2 | 6 | 7.0 | 23 |
| Deutsche Bank AG | 7,080.6 | 7 | 5.5 | 17 |
| Credit Suisse First Boston | 6,850.0 | 8 | 5.3 | 14 |
| UBS | 6,356.8 | 9 | 4.9 | 15 |
| JP Morgan | 6,279.6 | 10 | 4.9 | 17 |
| Industry Total | 129,519.9 | – | 100.0 | 298 |
| Source: Thomson Financial | ||||
More From Asset Securitization Report
Franklin Templeton experts balance a higher-rate world and weigh midterm impacts
Professionals anticipate higher volatility in the near term, while examining the risks and opportunities amid rising interest rates, with a yearend view.
Fed will drop one interest rate vote next year; two in 2028
Federal Reserve Chair Kevin Warsh said the Federal Open Market Committee will continue to meet eight times a year, but one such meeting will not include an interest rate vote or an official policy statement.
SAGE Residential raises $463.8 million from closed-end second-line mortgages
The A1 class is broken down into three AAA-rated tranches, made up of initial exchangeable notes that can be exchanged for the exchangeable notes.
Wall Street’s AI debt machine is starting to choke on supply
Yields are soaring into the double digits on bonds and loans funding the AI infrastructure buildout. Bankers are finding it more difficult to offload risk to insurers and other investors.
Balbec Capital leans toward multifamily as underwriting standards shift
Incentives structure and fewer losses drive commercial real estate collateralized loan obligation issuance over conduit commercial mortgage-backed securities.
By
John Hintze
