Since first edition's publication, the CDO market has seen tremendous growth. As of 2005,
$1.1 trillion of CDOs were outstanding--making them the fastest-growing investment vehicle of …

Several studies have reported how new credit risk transfer vehicles have made it easier to
reallocate large amounts of credit risk from the financial sector to the non-financial sector of …

Mortgage credit derivatives are a risky business, especially of late. Written by an expert
author team of UBS practitioners-Laurie Goodman, Shumin Li, Douglas Lucas, and Thomas …

Developments In Collateralized Debt Obligations The fastest growing sector of the fixed
income market is the market for collateralized debt obligations (CDOs). Fostered by the …

Despite the recent infamy of collateralized debt obligations (CDOs), there is a dearth of
literature quantifying the performance of this fixed-income product. While performance is usually …

One of the largest sectors of the European fixed-income market consists of covered bonds,
a financing mechanism for bank originators of residential mortgages and other assets. The …

Collateralized debt obligations (CDOs), first introduced into the financial markets in 1987, is
an application of the securitization technology first applied to the creation of residential …

A timely guide to today’s high-yield corporate debt markets Leveraged Finance is a
comprehensive guide to the instruments and markets that finance much of corporate America. …

Receiu rating agency reports attack:\iong-held assumption ot partic-ipants in the structured
finance market: that asset-backed securities (ABS), connnercial mortgage-backed securities (…

In early October 2007, Moody's downgraded 2,506 first lien subprime bonds issued in 2006.
Most of these were rated from A1 to Baa3. An additional 323 bonds rated A1 to Baa3 were …