EMEA

摘要

Precise Mortgage Funding 2015-2B and Paragon Mortgages 23 gave some clear indication of the extent of the Greek crisis-led spread widening, with only limited relevant secondary references making the price discovery on these trades tricky. "Part of the challenge was that we had to take into account the discrepancy between bids and offers," a banker said. "Some bids on Precise paper were seen as wide as 140bp, and in the 125bp-135bp range for Paragon." These levels were driven by some dealers preparing to sell those bonds as required.