Latest news
Latest news
January's ABS data center deals see tenant numbers drop but demand remains strong
Deals including some commercial mortgages expected to follow
Deal was priced 6bp tighter than most recent iteration of the asset class
More articles
More articles
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The European Central Bank will likely pursue a gradual wind down of its Asset Backed Securities Purchase Programme (ABSPP), sticking around as a buyer of ABS until 2019, Rabobank analysts write this week. -
Online lenders in the UK are accelerating the move away from the peer to peer model of the early days of the market, following similar moves by US counterparts as lenders tap funds from a range of sources in 2017.
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Fintech companies have changed “the basis of competition” in financial services, but have not greatly disrupted the businesses of larger incumbents, the World Economic Forum (WEF) said in a report this week.
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Auto and student loans have seen increases in early delinquencies this year, while overall household debt has surged past its recession peak, according to a quarterly report published by the New York Federal Reserve this month.
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The collections issues at consumer lender Provident Financial have provoked a wave of headlines in the UK about an impending crisis in the consumer credit sector, but ABS market sources feel the problems at the company are idiosyncratic rather than a sign of wider market decline.
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An increase in the number of auto loans made to lower quality borrowers has been a key driver in the rise of delinquencies and net loss rates for the sector, according to a report from Kroll Bond Rating Agency on Tuesday.
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A reduction in the amount of bonds being purchased in the ECB’s ABS Purchase Programme shows that the ECB has been on a path to tapering in the asset class, even before it has been officially announced.
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Issuance of higher quality European ABS is fuelling strong technicals, which are underpinning the market in 2017, TwentyFour Asset Management said this week.
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The US ABS market is putting the brakes on as August winds down, but while the primary market quiets, observers say investors are stepping into the secondary market to look for opportunities.
