ABS spreads widen meaningfully for first time in 2019

ABS benchmark spreads have widened out across asset classes against the backdrop of weaker fundamentals and a worsening macro environment.

  • By Jennifer Kang
  • 03 Jun 2019

With the exception of student loan ABS, spreads widened by 4bp-6bp across asset classes in the past two weeks, according to JP Morgan analysts.

“We note that this was the first instance of ABS market-wide spread widening thus far this year after having withstood earlier equity and credit ...

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3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.77

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5 Credit Suisse 28,257.94 85 6.46%