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Home » Non-Mortgage ABS Issuance Slumped in 2Q13 As Vehicle-Backed Deal Volume Stumbles
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Non-Mortgage ABS Issuance Slumped in 2Q13 As Vehicle-Backed Deal Volume Stumbles

July 26, 2013
Rising interest rates and increased volatility helped slow new issuance of non-mortgage ABS during the second quarter of 2013, with declines posted in most asset classes. A total of $38.96 billion of non-mortgage ABS were issued during the second quarter, down 17.3 percent from the first three months of the year, according to a new Inside MBS & ABS ranking and analysis. At the midway point in 2013, ABS issuance was off 3.7 percent from the first six months of last year, which included heavy volume in the second quarter of 2012. Even with the second-quarter softening, ABS issuance in 2013 is...[Includes two data charts]
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