European investors have welcomed issuance of residential mortgage-backed securities, indicating a stabilising market. "The general sentiment is that the RMBS market is pretty stable. The new issues that we've seen have all been received very well, so it all looks positive," one RMBS trader said. "Contributing to this is the lack of turmoil from the recent macro issues. There have been no fire sales or forced selling from any parties, so it's been business as usual." However, two issuers failed to honour their calls recently, prompting some concerns in the market.

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