Bulging US pipeline dashes hopes for quiet July

Dominican Republic
By Matthew Scully
16 Jul 2014

ABS issuers are holding Wall Street hostage, with plans of July trips to the Shore dashed by a rash of new ABS sales filtering into the pre-August pipeline.

At least five asset-backed securities were sold by Wednesday, with another three deals expected to be sold by Friday.

“So much for a quiet July!” said John Sim, head analyst at JP Morgan, in a client note this week. ABS volume this year to date reached $110bn this ...

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