Spreads rally on encouraging data
Secondary market spreads in the ABS market have extended their tightening run this week as UK mortgage lenders lowered their repossession forecasts. EuroWeek on Friday reports on how much the rally is being driven by relative value versus the TALF-boosted US market and how much investors’ perceptions of fundamental credit risk have changed.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts