Non-Mortgage ABS Market Recovers Slightly In December, But 4th Quarter Hit 13-Year Low
January 30, 2009
After all but bottoming out in November, the non-mortgage ABS market rallied slightly last month as annual issuance volume sank to an eight-year low. A total of $181.65 billion of non-mortgage ABS were issued in 2008, down 33 percent from the previous year. All major sectors of the market posted sharp declines, especially in the fourth quarter when... [Includes three charts]