Tightened spreads, strong sales boost auto ABS issuance
Issuance volume climbed to $71 billion YTD
Auto asset-backed securitization volume outpaced last year’s levels in early July as spreads tightened and banks offloaded consumer debt. Auto securities supply “is not abnormally high; supply is normal, but it’s high compared to where many other sectors are issuing,” Eugene Belostotsky, ABS analyst at Citigroup, told Auto Finance News. “Auto is probably one of […]
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