Caroline Chen, senior vice president at Income Research + Management, shared her insights on the recent flurry of ABS market activity with GlobalCapital. She explained that the incoming federal stimulus package and a ramp-up in Covid-19 vaccine distribution both boosted ABS investors’ sentiment. Caroline also offered her thoughts on both Castlelake and Affirm deal spreads, explaining how deals from all transportation-related asset classes have recently been well oversubscribed.
GlobalCapital: Buy now, ‘carry’ later: investors pile into red hot ABS market
February 4, 2021
Original article by Jennifer Kang