Post-deal insights: volume surge may test RMBS market capacity

The most recent issuer to price a residential mortgage-backed securities (RMBS) transaction in the Australian market reveals a wider investor base for its latest deal even than its jumbo transactions from 2014. Hints that 2015 volumes may exceed previous years may be supported by early-year issuance activity, the latest deal's lead manager says – but the true level of market capacity is yet to be tested.