European ABS - A Week In Review By Markit
The week is off to an interesting start with positive actions from both sides of the Atlantic. In addition to the Federal Reserve’s considerable rate cut, central banks in Europe are considering getting more involved with the asset-backed securities market and assuming some of the private markets’ ABS debt. Such a move would allow them, particularly the European Central Bank, to purchase investment grade securities at low prices that could in turn bolster market liquidity.
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