Equities pulling spreads wider in ABS

By Graham Bippart
21 Sep 2015

Troubled equity markets are largely behind recent widening in the European ABS markets as Volkswagen looked to sell its Spanish auto loan backed deal this week

“It’s more of an equities story than an asset backed story," said one ABS trader. "It won’t hurt the deal fundamentally."

The trader added that there was little activity on the secondary market on Monday morning, so it is difficult to say how much, if at all, the ...

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