European ABS – A Week In Review By Markit
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European ABS – A Week In Review By Markit

Spreads in the secondary European asset-backed securities markets stabilized and even tightened last week, most notably in the U.K. prime residential mortgage-backed securities cash and synthetic markets. Central bank action to improve liquidity in the money markets helped drive spreads tighter. Euribor, following a steady rise over several weeks, levelled off at the end of last week, reflecting an improvement in sentiment.

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