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Autos lead US ABS
Tuesday 24 January 2017 13:11 London/ 08.11 New York/ 21.11 Tokyo
The auto sector is currently leading the way in the US ABS secondary market.
Overall, ABS secondary spreads continued to edge in last week and into this, particularly at the top of the stack. Autos are seeing similar moves but are doing so despite accounting for the majority of secondary supply and dominating the new issue pipeline.
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