Structured Finance Deals Account for Majority Of the Assets Backing CDOs Issued in 2006
July 21, 2006
Structured finance collateral such as non-agency MBS and non-mortgage ABS account for most of the assets backing collateralized debt obligations issued during the first half of 2006, according to a new analysis by the Bond Market Association. The BMA reports that $177.04 billion of new CDOs were issued during the first half of this year, a hefty 63.3 percent increase from the $108.45 billion issued during the same period in 2005. CDO production rose slightly…