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Asset-Backed Debt Sales Reach $175 Billion in First Half.
In: Bloomberg.com, 2024-06-05, S. N.PAG
Online
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Zugriff:
According to data compiled by Bloomberg, $175 billion worth of debt backed by assets such as cars, credit cards, and consumer loans have been sold in the US and Europe in the first half of 2024. This is the busiest half of issuance for the sector in at least six years. Asset-backed securitization deals have become popular as banks seek to offload risk and refinance loans. The high yields offered by these deals, especially in a higher-for-longer environment, make them appealing to investors. However, the outlook for the second half may be less positive due to volatility around the US elections and uncertainty about interest rates. [Extracted from the article]
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Asset-Backed Debt Sales Reach $175 Billion in First Half.
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Autor/in / Beteiligte Person: | Ramnarayan, Abhinav ; Duncan, Eleanor |
Zeitschrift: | Bloomberg.com, 2024-06-05, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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