Bleary-eyed, European ABS reporter George Smith returned for this week's episode of Another Fine Mezz after the birth of his first child three weeks ago.

However, there was no gentle easing in as the European securitization market kicked into gear with a flurry of issuance.

In particular, prime UK RMBS continued its resurgence with Principality Building Society yet another UK issuer that was back in the fold.

In CLOs, it's also getting hectic, although not quite to the same degree. However, Victoria Thiele discussed how while issuance might be picking up for now, terrible arbitrage is likely to mean that any windows are narrow.

Finally, with the podcast trio unable to "milk" George's fatherhood any more, as one market participant said to Victoria, the team looked for new areas of discussion.