Europe on a map

Credit clutch

Category: ABS CLOs

Previous Story       Next Story

European ABS market update

The European ABS slow-down continues, with prices drifting wider and subdued credit growth across the board. In particular, an aversion to duration risk has emerged this week.

“Credit is headed for the worst year since 2008,” one trader explains. “ABS traders are not used to showing negative figures to their clients.

Already registered?

Not yet registered? Join today to access SCI Content.