SBA Update

June 12, 2017



Demand for floating-rate SBAs was steady last week, as investors focus on a likely continued increase in short-term rates.  Fixed-rate SBA activity slowed last week, although portfolio managers continue to add 20-year DCPCs to their portfolios in limited quantities.  Volume levels of government-guaranteed loans are steady, slightly outpacing last year’s levels.

Floating-Rate 7(a) Pools

Fixed-Rate (DCPC and SBIC) Pools



Government Guaranteed Loan Trading

Activity in floating-rate SBAs was steady last week, as investors focus on rising short-term rates and look to diversify SBA holding by origination dates.  With attention squarely focused on The Fed and rising short-term rates, demand for fixed-rate SBAs has been limited over the past few weeks..

 

 


Greg Roll, CFA

Senior Vice President

Vining Sparks

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