US auto ABS shines as sector extends rally

Despite some concerns over underwriting standards and weak loan originations at some auto finance companies, investors are piling into US auto ABS bonds — with rating agencies also positive on the sector.

  • By Max Adams
  • 10 May 2018
US auto ABS bonds are enjoying a favourable reception from rating agencies and investors, as car sales soar past pre-crisis levels. According to Wells Fargo research, US car sales are still elevated after a record of 18m sales in 2016, with about 17.2m sales on a rolling 12 month ...

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2 Bank of America Merrill Lynch (BAML) 10,179 30 11.23
3 Citi 9,751 23 10.76
4 Lloyds Bank 7,329 24 8.09
5 JP Morgan 6,580 10 7.26

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4 Credit Suisse 534.82 2 8.88%
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