Research Corner

Tracking market movements and macro signals that impact our members, and the performance of businesses and consumers that our market supports.

Publications

June 1, 2020

April’s weak housing data reflects a market reeling from COVID-related demand shocks while April delinquency and forbearance data shows the effects of joblessness.

April 14, 2020

Extraordinary times call for extraordinary measures. And the Fed continues to respond appropriately. On April 9, the Federal Reserve once again drew on its full range of authorities to expand and establish lending facilities to provide up to $2.3 trillion in loans to stabilize households, communities and businesses of all sizes during the pandemic crisis and to “ensure that the eventual recovery is as vigorous as possible”.

March 20, 2020

Aircraft ABS are currently insulated from coronavirus-related disruption in global travel. Still, a prolonged slowdown in global air traffic would negatively impact aircraft ABS structures.

February 3, 2020

SFA's recent CLO white paper explores balancing crucial lending with financial safety and soundness.

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News

Industry News

May 8, 2020

As COVID-19 continues to damper the US economy, some investors are concerned that the safety found in Collateralized Loan Obligations (CLOs) are fleeting. The economic downturn had increased the risk of interest and principal payments being cut off for some of these investment-grade CLOs and the notes at risk have ratings as high as the A tier.

Industry News

April 14, 2020

Extraordinary times call for extraordinary measures. And the Fed continues to respond appropriately. On April 9, the Federal Reserve once again drew on its full range of authorities to expand and establish lending facilities to provide up to $2.3 trillion in loans to stabilize households, communities and businesses of all sizes during the pandemic crisis and to “ensure that the eventual recovery is as vigorous as possible”.

Industry News

March 23, 2020

COVID-19, social distancing, a declaration of a national emergency, and an oil price war all arrived in the U.S. in March. SFA takes a look at the potential impact of recent events on the CLO market.

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Contact

Elen Callahan

Managing Director, Head of Research