2020 consumer ABS starts strong as buyers pile into new deals

By Jennifer Kang
09 Jan 2020

The consumer ABS market is off to a strong start, with new issues coming out back to back and leaving the pipeline just as fast. The strong demand is being driven by investors' view of ABS as cheap alternative to corporates, which have rallied since the fourth quarter of last year.

A pair of auto trades from GM Financial and Consumer Portfolio Services (CPS) were priced on Wednesday, with three other auto deals, two student loan transactions and one personal loan ABS trailing close behind. Deals are being two or three times oversubscribed and tightening by 5bps-15bps, said Jennifer ...

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