Traders upbeat about liquidity in ABS secondary market

Traders at a panel on secondary trading at the Global ABS conference in Brussels on Thursday morning agreed that the securitization market has a deeper investor base and, for the most part, better liquidity than this time last year. The huge spread tightening since then has also made investors and traders more inclined to look at the relative value of bonds, rather than absolute yield.

  • By Joseph McDevitt
  • 20 Jun 2013
Liquidity in the ABS secondary market was not as poor as ABS specialists frequently made out,  said Simon Jones, co-head of EMEA ABS trading at Citi. Stuart Calnan, head of ABS trading at Barclays, agreed that this was particularly the case on the bid side, where it compared ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Bank of America Merrill Lynch (BAML) 7,026 25 11.95
2 Citi 6,449 21 10.96
3 BNP Paribas 5,093 18 8.66
4 Barclays 4,040 11 6.87
5 Lloyds Bank 3,615 14 6.15

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 1,712.34 6 12.44%
2 SG Corporate & Investment Banking 1,292.64 1 9.39%
2 Rabobank 1,292.64 1 9.39%
4 Mizuho 1,215.54 3 8.83%
5 Wells Fargo Securities 1,012.71 4 7.36%