Kunyi Yang

US Securitization Reporter

RMBS

Lone Star prices non-QM as heavy supply pressures spreads

Non-QM is starting to lose relative value draw versus agency MBS and IG corporates

Kunyi Yang, January 31, 2024
CMBS

BANK5 jumps on CMBS rally to land retail, office-denominated conduit

Conduit triple-A tranches are down to around 100bp, but some see room to rally in lower classes

Kunyi Yang, January 30, 2024
CMBS

Barclays tightens conduit CMBS inside 100bp

Improved sentiment around CRE fundamentals could push spreads even tighter, especially on mezz tranches

Kunyi Yang, January 29, 2024
RMBS

Blackstone's Tricon acquisition signals turning tide for US SFR

Securitization issuance from the sector could double in 2024 as funding costs come down and investors turn bullish

Kunyi Yang, January 25, 2024
RMBS

Hildene rides rally to land non-QM deal

Average spread on AAA tranches of non-QM this year is now 50bp tighter than in October

Kunyi Yang, January 24, 2024
CMBS

High demand meets BMO’s first conduit of 2024

Top class preplaced, but all other tranches oversubscribed as low leverage draws interest

Kunyi Yang, January 23, 2024

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