Structured-Product Issuance Slowdown Worse Than Expected: ABAlert

During the January to March period, worldwide structured-product issuance posted a 35% drop from the year-earlier count of $177.7 billion, making the issuance even lighter than anticipated. Asset Backed Alert points out in its April 1 report that the worldwide securitization volume was dragged down by a weak CLO market. Slowdown In structured-product issuance, big drop in residential-mortgage bonds in Q1 Tracking worldwide securitization volume, the ABAlert’s report points out that a disappointing $115 billion of asset-based securities, collateralized loan obligations, residential mortgage bonds and commercial mortgage securities were priced during the January to March period. As can be deduced from…