TALF Softens Q2 ABS Issuance Blow
The decline in the issuance of asset-backed securities in the second quarter reportedly would have been even sharper were it not for the Federal Reserve’s Term Asset-Backed Securities Loan Facility.
The decline in the issuance of asset-backed securities in the second quarter reportedly would have been even sharper were it not for the Federal Reserve’s Term Asset-Backed Securities Loan Facility. Issuance dropped 30% in the quarter compared with a year earlier. By contrast, the first-quarter issuance figure plunged
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