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.
Not yet registered? Join today to access SCI Content.