GC Asia
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.
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 ...Please take a trial or subscribe to access this content.
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