ECB failing periphery with cautious ABS purchasing

By Tom Porter
13 Apr 2015

The European Central Bank’s purchases appear to be helping the wrong end of the market, with analysts complaining its effects are chiefly narrowing northern European spreads.

European ABS issuance experienced a promising first quarter in terms of nominal volumes, with a total of €23.5bn across 34 deals, according to analysts at JP Morgan.

Investor placed European ABS is running around a fifth higher than at the same point in both 2013 and ...

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