SCI Start the Week - 3 December

Category: ABS Capital Relief Trades CDO

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A review of securitisation activity over the past seven days

Market commentary
European ABS activity remained subdued last week, with spreads drifting wider, due to concentration of supply (SCI 29 November).

“Investors are using their leverage to dictate terms and push deals as wide as possible. That’s one of the reasons why the pipeline has been brought forward,” said one trader.

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