Prime and subprime auto asset-backed securities spreads tightened through mid-January compared with the previous two years. Spreads on prime AAA-rated three-year auto notes narrowed 12 basis points (bps) as of Jan. 22 to 38 bps over Treasuries compared with Jan. 23, 2025, according to the most recent JPMorgan Securities data. Meanwhile, spreads on AAA-rated three-year prime auto notes narrowed 27 bps compared with Jan. 25, 2024, according […]
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