Investors chase window of opportunity in auto-loan bonds

Newswire

By Charles Williams NEW YORK, July 26 (IFR) - Investors aggressively bid on a fresh supply of asset-backed securities (ABS) this week, hoping to take advantage of slightly juicier spreads before they inevitably tighten again. Nearly US$7bn in bonds backed by assets including auto-loan payments, structured settlements, and electric-utility charges were marketed this week. With a slate of well-established issuers returning to the market and yields at higher ...

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