Smoke stacks

Japanese dependence

Category: ABS CDO CLOs

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European ABS market update

European ABS markets have effectively closed for the year. Deals in the pipeline are now expected to price in early 2019.

Looking ahead to 1Q19, one trader comments: “For UK buy-to-let and non-conforming RMBS, activity will depend 100% on what happens with Brexit. Unless we have more clarity about how Brexit will play out, investors are going to be very hesitant to invest in long-term paper.

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