Context is key for widening MPL ABS spreads - LendIt

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By Sasha Padbidri
12 Apr 2016

In a panel on secondary trading of marketplace loan ABS, speakers at LendIt USA in San Francisco instructed attendees to consider market context in evaluating the performance of the bonds and their ability to stand up to a downturn in the credit cycle.

Rajesh Agarwal, head of mortgage strategy at Napier Park Global Capital, said the recent widening in marketplace loan ABS was not occurring in isolation, and that it is useful to compare the sector to other asset classes when underwriting performance of the bonds.

"While spreads have widened, ...

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