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
March Job Gains Stronger Than Expected
According to the April 3 US jobs report, job growth rebounded in March with 178,000 new jobs added and the unemployment rate holding at 4.3%,…
Treasury Yields Steady as Economic Data Offsets Geopolitical Uncertainty
U.S. Treasury yields were little changed, with the 10‑year hovering around 4.3% as investors weighed economic data against ongoing uncertainty surrounding the Middle East. Resilience…
WSJ: State Insurance Commissioners Play Key Role in Regulating Private Credit
Life insurers now hold nearly $1 trillion in private debt, placing state insurance commissioners in an increasingly important role to monitor complex investments. The NAIC is…
U.S. Borrowing Costs Highest Since 2024
The war in Iran, which is driving investors out of Treasuries and fueling concerns about a renewed bout of inflation, has sent U.S. borrowing costs…
Trump’s Push to Make Homes More Affordable Needs the Banks to Play Ball
According to the Wall Street Journal, questions about whether big banks might expand mortgage lending again are on the rise, especially as mortgage rates dip below…