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» Soaring Demand, Tepid New Issuance Squeeze Asset Securities Spreads to Record Lows in 2004
Soaring Demand, Tepid New Issuance Squeeze Asset Securities Spreads to Record Lows in 2004
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Investors at this week’s ABS West conference were uniformly glum about the extremely narrow spreads available in the market in early 2004, the result of intense demand for new product meeting too little supply of issuance.