Traders upbeat about liquidity in ABS secondary market

Traders at a panel on secondary trading at the Global ABS conference in Brussels on Thursday morning agreed that the securitization market has a deeper investor base and, for the most part, better liquidity than this time last year. The huge spread tightening since then has also made investors and traders more inclined to look at the relative value of bonds, rather than absolute yield.

  • By Joseph McDevitt
  • 20 Jun 2013
Liquidity in the ABS secondary market was not as poor as ABS specialists frequently made out,  said Simon Jones, co-head of EMEA ABS trading at Citi. Stuart Calnan, head of ABS trading at Barclays, agreed that this was particularly the case on the bid side, where it compared ...

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GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 6,665 23 13.02
2 Citi 5,781 17 11.29
3 BNP Paribas 3,530 14 6.89
4 Barclays 2,853 9 5.57
5 Credit Suisse 2,783 8 5.44

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 99,250.27 279 13.13%
2 Bank of America Merrill Lynch 91,648.43 266 12.13%
3 Wells Fargo Securities 72,661.39 222 9.61%
4 JPMorgan 52,367.24 169 6.93%
5 Credit Suisse 41,885.89 127 5.54%