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 Lloyds Bank 3,158 6 8.11
4 Bank of America Merrill Lynch (BAML) 3,104 10 7.97
5 Morgan Stanley 3,066 8 7.88

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5 Credit Suisse 47,737.24 151 7.04%