Credit card ABS trading dwindling as big banks hold back

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Credit card ABS trading dwindling as big banks hold back

PA-credit cards
Credit cards showing the logos of American Express, Mastercard and Visa. | Dominic Lipinski/PA Wire/PA Images

Once a benchmark ABS sector, credit card bonds experienced a dramatic decline in issuance last year, leading to big drop in trading activity that is expected to continue in 2020.

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