Asset-Backed Debt Sales Reach Record High in First Half of 2024
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#a66807f3 ver:0.05

Asset-backed debt sales hit a record high of $175 billion in H1 2024, driven by banks offloading risk and refinancing loans. However, volatility around the US elections and uncertain interest rates may impact H2 issuance. Investors battle for allocations in ABS mezzanine tranches, while a preference for investment-grade debt and cautious approach to equities is observed. Survey shows growing confidence in the global economy, with majority predicting a 'soft' or 'no' landing. Bond investors prepare for a mild recession, adjusting their bond market positioning. Despite a slide in performance, ABS investors remain optimistic about consumer ABS. #AssetBackedDebt #InvestmentGrade #Economy #Recession #ABSInvestors...

#newstr #AssetbackedDebt #Abs #InvestorSentiment #GlobalEconomy #BondMarket #MultiassetInvestment 

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