Credit Suisse Group AG is planning a collateralized loan obligation of about $500 million in the U.S. amid slower issuance as fund managers seek a clearer understanding of the requirements of the Volcker Rule.
Investors should avoid taking risk in all categories of U.S. securitized debt because American and European policy makers may damage financial markets as they respond to a slowing economy and government deficits, according to Bank of America Merrill Lynch analysts.
The first annual losses in U.S. government-backed mortgage bonds since 1994 are deepening as the dual threats of a new regulator and a Federal Reserve pullback leave buyers navigating around what JPMorgan Chase & Co. calls a modern-day Scylla and Charybdis.
Investors in Blackstone Group LP’s debut sale of bonds backed by U.S. rental homes are agreeing to accept more risk than in traditional mortgage deals by at least two measures -- along with an unproven business.
Demand for the Federal Reserve’s sales of mortgage debt assumed in the 2008 government bailout of American International Group Inc. may add to reasons the central bank won’t soon expand its balance sheet again, according to Bank of America Corp.
Yields at about two-year highs are failing to entice U.S. banks to add to their $1.35 trillion of government-backed mortgage securities holdings as lenders respond to changing regulations and price swings sparked by the Federal Reserve.