Securitization liquidity beats rest of European credit, says BofA

Liquidity_jigsaw_Adobe_230x150
By Owen Sanderson
16 Dec 2019

Liquidity in securitizations is better than in almost all other credit assets classes in Europe, with auto ABS and UK prime RMBS trading on tighter spreads than even covered bonds, analysis from Bank of America’s research team shows.

"An analysis of bid-ask spreads as a proxy for liquidity reveals that structured finance bonds have had lower bid-ask spreads on average than senior unsecured bonds from corporate and bank issuers over the past two years," said the analysts.

The study, based on data sourced from Bloomberg and ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.