MORTGAGE-BACKED INSECURITIES

The chorus of “this too shall pass” continues, but OEMs need more non-traditional financiers to help with orderbook problems. Will Castlelake’s $5bn Boeing deal spur similar transactions? Could the move push banks to step up funding so they don’t cede space to PE firms? The number of people flying for Thanksgiving was down by more than half compared with last year. However, the 3 million passengers who went through US airport checkpoints marked the biggest crowds since mid-March.