It is now a year since the jitters in US sub-prime turned into an earthquake that engulfed the securitization market. Asset valuations have been falling pretty much consistently ever since. If ever there was a distressed buyers’ opportunity, the ABS market is it – it is hard to argue that a triple-A rated security trading at a double-digit discount to par is anything other than a screaming buy.
But buyers remain extremely nervous about stepping in. This is partly because of a lingering concern that the market could take another lurch downwards on more bad news. Yes, the downgrade of MBIA to single-A would...
You do not currently have access to this content, to gain access visit the subscription page or call our hotline on +44 (0)207 779 8999.
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
Level 1:
- Online access to the past 12 months content
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Level 2:
- Exclusive access to euromoney.com - Read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 2000
- 12 monthly issues of Euromoney magazine
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe
Because the financial sector is oversupplied with information, facts and figures and daily emails, you need one trusted source that will keep you updated on many markets. Reading Euromoney will save you time, save you money, help you spot new business opportunities and minimise risks to your existing operations.Every issue gives you a concise yet detailed update on the key developments from your specialist sector whilst keeping you informed of what is happening in other core areas.
Your free trial will bring you -
Exclusive interviews: Read what the best minds in the markets are thinking. Euromoney speaks to CEOs, Finance Ministers and Central Bank Governors so that you get first hand details behind the success or failure of the world's leading institutions and nations.
In-depth features: Get the detail, data and analysis behind the headlines that other financial press don't have time to provide. Our journalists give you the legal, regulatory and market considerations that are driving developments in the global capital marlets.
Market Insight: You get insight that data screens just don't give you. Our journalists based in the local markets, as well as the major financial centres, get you closer to the action. Helping you spot market trends, threats and opportunities, and sharing insights into the latest developments shaping the world you work in.
Don't miss out on this offer. Take a free trial today!
Click here to take a online trial