Australian RMBS market show signs of recovery

After taking a heavy battering during the global financial crisis, the outlook for Australian residential mortgage-backed securities (RMBS) is beginning to improve, market participants told the Australian Fixed Income Forum 2010, hosted by Asia Risk, in Sydney on April 29. A presentation by Moody’s Investors Service showed that while issuance dropped from A$57 billion ($51.4 billion) in 2006, to just A$6 billion in 2008, A$4.5 billion has been issued in the year to date. Crucially, th