ABS rally restarts following selling blip, but flow of BWIC slackens off

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ABS rally restarts following selling blip, but flow of BWIC slackens off

Sentiment in the ABS secondary market firmed up this week in line with a positive tone across credit markets. With spreads beginning to tighten again, the pace of BWICs has slowed and dealers are showing more willingness to bid for bonds.

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