Sterling ABS market digs in for wave of new supply
Investors are eyeing a rush of sterling ABS and RMBS deals looking to push ahead through the Brexit window after the UK Parliament was suspended for five weeks beginning on Monday, with buysiders confident that spreads will withstand the rush of new supply.
In UK RMBS, market participants report that spreads remain steady. There is particularly strong demand for paper eligible for the ‘simple, transparent and standardised’ (STS) framework in the secondary market.One UK investor said they are being shown “a lot of sterling deals coming out in the ...
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