SBA Update

September 11, 2017



Portfolio managers looked to add yield as they extended duration by adding DCPCs from the September auction.   In addition, investors continued to add floating-rate SBAs to their portfolios last week with the majority of activity focused on seasoned equipment-backed pools.

 

Floating-Rate 7(a) Pools

 

Fixed-Rate (DCPC and SBIC) Pools

 

 

Government Guaranteed Loan Trading

 

Demand for fixed-rate SBAs continues to be strong, with the September DCPC auction offering much needed supply to investors.  After multiple new issue floating-rate pools came to the market in recent weeks, investors focused on seasoned equipment-backed pool trading in the secondary.

 



Greg Roll, CFA

Senior Vice President

Vining Sparks

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