BWIC volume highest since 2016 YTD
European securitization bids wanted in competition (BWIC) volume has already reached €4.6bn in 2020, the highest level since JP Morgan's research team began collecting BWIC data in 2016. The secondary market is rallying following an improved equity market and a reopened European primary.
The average year-to-date (YTD) activity in the previous four years was around 25% lower than 2020’s figure, at €3.5bn, said JPM in a research note.Average annual BWIC volumes during 2016 to 2019 were €9.9bn, with an average weekly BWIC volume range of €180m to roughly €200m. This ...
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