ABS outperforms as investors prep for broader market restart

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By Jennifer Kang
27 Apr 2020

ABS outperformed all other fixed income sectors last week, bolstered by tighter spreads, a strong revival of the new issue pipeline and a reopening of the esoteric market, say analysts at Bank of America.

BofA researchers say indicators last week point to ABS having “fully priced” the impacts of Covid-19, with the market gearing up for a reopening of the economy in May.

After nearly a month on hold, the ABS market last week showed that it is again capable of ...

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