December window jump-starts securitization secondary

By Tom Brown
03 Dec 2020

Euro securitization secondary markets leapt into action as traders see a window of spread tightening in December, crossing their fingers and hoping macro worries have abated for the remainder of the year.

“It’s pretty active, feels like investors are taking profits here,” said one trader. “I think we’ve had a very good run and as we approach year-end some people want to lock in at least part of the gains.”

The ABS market is expecting a light pipeline for primary ...

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