Secondary still bullish as hunt for yield continues

By Joseph McDevitt
24 Jan 2014

The tone for higher yielding paper in the secondary market showed no sign of weakening this week, with spreads continuing to tighten despite lower trading volumes and fewer BWICs.

“The general tone is very bullish, though it seems the Street is busier this week than clients,” said one ABS trader, who added that the conference in Las Vegas may have had some impact on requests from accounts.

Peripheral ABS bonds continue to enjoy a strong bid ...

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