Demand for railcar ABS sinks as headlines spook buyers
Railcar ABS has dropped to the bottom of investor wish lists this year, even as the rest of the esoteric ABS sector continues to generate demand for the higher yields on offer.
Trade war tensions and global recession concerns have dimmed the outlook for the railcar securitizations.“We believe the potential for re-escalation of trade disputes could pressure spreads and excess returns, making it difficult to overcome the negative performance experienced during the first half of 2019,” said Bank of America ...
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