Market Structure and Dynamics
SFA regularly reviews our market structures, processes and dynamics to promote a robust, liquid, growing and healthy structured finance market.
Overview
It is difficult and sometimes impossible for bondholders to communicate with the companies that issue the securities they own or for bondholders who own the same securities to communicate with one another.
The system is so unreliable that when evaluating potential solutions for the transition away from LIBOR, one of the financial markets most at risk today, participants think bondholder consent for an amendment is unfeasible.
Publications & Resources
News
Inflation Rose in August
The BLS released the CPI report for August, which disclosed that inflation increased by 0.4 percent for the month of August, resulting in an annual inflation rate…
Payrolls Revised Down 911,000 Jobs
The Bureau of Labor Statistics (BLS) revised down by 911,000 the number of jobs created from March 2024 through March 2025. According to Reuters, economists had expected revisions to…
Pension Funds Slow Pace of Private Credit Investments
According to a study conducted by the Financial Times, major pensions funds have begun to allocate less capital to private credit investments. Pensions are a major source…
Rate Cut Expectations Increase Investor Demand, Bond Issuance in September
American companies issued $56.4 billion in investment grade bonds and $9.6 billion in junk bonds last week. This was the biggest weekly sales volume since…
Texas Subprime Auto Lender Files for Bankruptcy
Tricolor Holdings – a subprime auto lender – has filed for bankruptcy amid allegations of fraudulent activity within warehouse lines. Auto ABS backed by Tricolor loans…