ABS Market Awaits Congressional Approval

By Gabrielle Stein

October 6, 2008

The ABS market was especially quiet last week as participants waited anxiously to see if Congress would pass its second attempt at an Emergency Economic Stabilization Act. This, in addition to the Rosh Hashanah holiday, kept new issuance and secondary trading at bay. Furthermore, with SIV downgrades and liquidation rumors spreading throughout the market (see p.14), spreads will continue to gap out.

The full article is available to Structured Finance News subscribers only

SUBSCRIBE NOW!
$1800 for 1 Year(48 issues in all) and Save 20%
Free Trial
Sign up for Structured Finance News's 3-Week Free Trial

Already a print subscriber? As a print subscriber, you are entitled to online access. Please click here to activate your account.

Related Items