Fed decision to extend TALF scheme boosts recovery hopes for US securitisation market

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By prolonging the lending facility until March 2010 for ABS and June 2010 for CMBS, central bank aims to increase issuance and restore investor confidence in the asset class.

The US securitisation market has seen a dramatic revival from its fragile state at the start of the year. Spreads have come in since their March wides and, in some areas at least, issuance looks to be picking up.

The catalyst for much of the revival has been the Term Asset-Backed Securities Lending Facility (TALF), instigat

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