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Balancing act

Category: ABS Regulation


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Alexander Batchvarov, md, head of international structured finance research at BofA Securities, discusses the burgeoning European esoteric securitisation sector with SCI

Q: How would you describe European investor appetite for esoteric securitisations currently?
A: We have a situation on the market, where corporate spreads are moving very tight and at present high yield spreads are in the 300bp area in Europe. Investors seek beta, but also keep an eye over their shoulders – ECB reaction function is of concern. 

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