ABS spreads widen meaningfully for first time in 2019

Yield spread performance trading adobe stock  electronic 230x150 AS
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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