Benchmark ABS to outperform higher yielding sectors

Yield spread performance trading adobe stock  electronic 230x150 AS
By Jennifer Kang
09 Jul 2019

The primary pipeline is building up again after eight issuers filed documents for upcoming ABS deals after the US public holiday weekend. Several sponsors are bringing retail auto or timeshare ABS deals, both of which have been flagged as bright spots in the market this week by Bank of America Merrill Lynch analysts, due to comparatively tight spreads and strong fundamentals.

Santander Consumer is issuing its second deal of the year from the retail auto lease shelf. The deal is backed by a portfolio of 43,087 auto leases and arranged by structuring lead Barclays, according to an ABS 15-G filed by the issuer on Monday. 

Nissan is also bringing an ...

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