International SF Weekly: Data Addendum: Sell while you can?

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International SF Weekly: Data Addendum: Sell while you can?

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International SF Weekly

Data Addendum: Sell while you can?

Last week the primary SF market saw nearly dozen new deals pricing, while the 18 May 2026

secondary market experienced continued elevated BWIC activity in CLOs and depressed Structured Finance

activity in ABS/MBS. Spreads were little changed. The issuers are taking advantage of EMEA, APAC, LatAm

the window of opportunity to place bonds on the market, while asset managers are ABS CMBS RMBS CLO

taking profit where they can and rotate into new positions. The dispersion in pricing is

most pronounced in the CLO sector, reflecting deal status (in reinvestment or post- AlexanderInt'l Str. Fin.Batchvarov,Strategist CFA

reinvestment period), tiering in credit performance and assumed maturity. BofA Europe (Zurich)

+41 44 297 7469

alexander.batchvarov@bofa.com

SF new issuance surge is in sync with strong fixed income primary flow in Europe

(EUR47bn last week vs EUR62bn the week prior), although the latter is dominated by AltynayInt'l MBS/Davletova,ABS StrategistCFA

reverse yankies (in Europe and elsewhere) and SSA in contrast to domestic real assets MLI (UK)

+44 20 7995 3968

backing SF issuance. Political uncertainty focus is now on the UK, while the markets altynay.davletova@bofa.com

continue to be oblivious to the mid- to longer- term consequences of the frozen (at Mark Nichol

present) conflict in the Straight of Hormuz. Int'l CMBS/ABS Strategist

MLI (UK)

+44 20 7996 0965

mark.nichol@bofa.comPrimary: Price while you still can

In Europe, the primary market maintained strong flows in the UK RMBS sector and the Dustin Walpert, CFA

European CLO Strategist

EU consumer ABS: 2 consumer ABS and a UK prime RMBS priced, a UK BTL deal was MLI (UK)