Smoking factory chimneys

Technicals eyed

Category: ABS CLOs Secondary markets

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European ABS market update

Porsche’s FACT Compartment 2018-1 auto lease ABS has seen no substantial resistance in the European primary market. Indeed, spreads appear rangebound for now.

“Because we are in the last few months of the year, people know that whatever they have done so far, they will have to stick with,” says one trader.

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