Credit card ABS trading dwindling as big banks hold back

PA-credit cards
By Jennifer Kang
02 Jan 2020

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.

Credit card ABS issuance has "fallen off a cliff" over the last year, declining by 35.9%, according to Bank of America, from roughly $42bn in 2018 to $26bn in 2019.  The decline was largely driven by large bank sponsors like Citibank preferring to fund card receivables with cheap ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access:

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: or find out more online here.