European ABS – A Week In Review By Markit (Dec. 4 - Dec. 11) (Mobile Version)

The European asset-backed securities market’s failure to rally after the last two rounds of interest rate cuts supports a bearish view on securitized assets. Sceptics argue that another cut to the main rate in the U.S. will be met with a muted reaction by the country’s structured finance market, the world’s largest.