BWICs circulate amid subdued primary ABS market
Several bids-wanted-in-competition (BWICs) hit the market on Tuesday afternoon, including a large list of sterling denominated UK prime RMBS bonds, traders said. The secondary activity came in spite of a subdued primary market — although deals are still thought to be in the pipeline.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ European securitization issuance database
- ✔ Daily newsletters across markets and asset classes
- ✔ 1 weekly securitization podcast