Auto ABS spreads widen to near 2022 levels
Market volatility is increasing cost of funds
Auto asset-backed securities spreads widened back to levels on par with late 2022 following turmoil in financial markets spurred by U.S.-based bank collapses. Subprime auto spreads gapped out between 50 basis points (bps) and 100 bps last week, according to a March 17 JPMorgan Securities research report. Triple-B rated subprime spreads, for one, widened by […]
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