By Ben Edwards
After a glut of UK RMBS issuance pushed spreads out to their widest levels in three and a half years in 2015, US money managers are eyeing UK deals for potential bargains and could help soak up what is expected to be another year of elevated supply.
“UK RMBS cheapened meaningfully this fall, which made it more attractive in terms of relative value to the US,” says Curtis Manning, senior ABS analyst at Henderson Global.
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