ABS spreads widen meaningfully for first time in 2019

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By Jennifer Kang
03 Jun 2019

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

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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