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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New! GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 7,029 20 10.95
2 Bank of America Merrill Lynch (BAML) 6,703 19 10.45
3 JP Morgan 4,776 10 7.44
4 Credit Suisse 4,718 9 7.35
5 Deutsche Bank 4,262 13 6.64

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 17 Oct 2016
1 Wells Fargo Securities 67,591.81 167 11.54%
2 Bank of America Merrill Lynch 57,568.62 162 9.83%
3 JPMorgan 55,390.36 159 9.46%
4 Citi 55,051.46 160 9.40%
5 Credit Suisse 43,756.73 120 7.47%