Are credit risk transfers an acceptable substitute for GSE equity?

This frame grab taken from AFPTV video footage on July 12, 2026 shows cargo ships anchoring near the Strait of Hormuz off the eastern coast of the United Arab Emirates at Khor Fakkan. AFPTV | Getty Images An agreement to reopen and ensure maritime security on the Strait of Hormuz is imminent, President Donald Trump…

Massive growth in ETF options is arguably the most significant recent development in trading behaviour in this market. Data from Cboe indicates that ETF options’ average daily volume was up by more than 31% in the first half of this year compared to the same period in 2025. The most recent data points to even…

Management believes a resolution will not result in incremental financial exposure beyond existing insurance coverage, and no liability has been recorded in the financial statements as of March 31.  Member fees are budgeted at $148.6m for fiscal 2027, an increase of 6.3 percent over the fiscal 2026 budget.   That figure comprises a 1 percent…

The global competition for capital remains the key dynamic keeping yields elevated. Notably, all of the September increase in 10-year Treasury yields came from real yields, as implied by the TIPS market. Real yields are now approaching 3%, their highest level in this chart’s five-year history, while 10-year breakevens have barely moved from the 2.2%…

Forward Financing, a provider of capital to small businesses across the United States, secured $525 million of new financing that brings the company’s total committed funding capacity to nearly $700 million. The new financing includes a $350 million variable funding note (VFN) facility and a $175 million asset-backed securitization (ABS), the company said in a…

German giant Deutsche Bank’s asset manager, DWS Group, is looking to sell properties to generate liquidity for investors in its €4.3B Grundbesitz Europa real estate fund after restricting redemptions. The German fund manager said it would initially pay just 10% of redemption requests falling due, under a restriction taking effect from 27 October and intended…