Buy now, 'carry' later: investors pile into red hot ABS market
Investors are devouring whatever comes through the US securitization pipeline, leading to big oversubscriptions and tight spreads across all sectors. While January is traditionally hectic in the primary market, sources say the market is moving faster this year. Investors are looking to deploy cash early in the hope of being able to avoid a volatile market later in the year, should the coronavirus pandemic deteriorate, writes Jennifer Kang.
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