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The rise — and fall — of auto ABS spreads

Marcie Belles

COVID-19 has affected the health of the nation as well as the securitization market — for the moment. Pre-pandemic, auto-backed securitization volume was keeping pace with last year’s issuance, and spreads were tight. Despite slowing vehicle sales and origination, auto ABS volume in early March clocked in at $26.1 billion, up 11.1% year over year. […]

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