Summer rally drives UK ABS back to pre-Brexit levels

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Summer rally drives UK ABS back to pre-Brexit levels

worried traders
Stock traders checks out a graph showing activity of US interest rates over one year in a business bank, in Paris, Monday, Dec. 12, 2011. Enthusiasm for riskier assets such as stocks and the euro faded Monday as investors worried that Europe's new pact aimed at fixing the continent's debt crisis would be insufficient. (AP Photo/Michel Euler) | Michel Euler/AP/Press Association Images

A summer supply shortage coupled with rising demand for structured finance assets has driven UK ABS spreads back to pre-Brexit levels.

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