SFA Research Corner: Macro Data Continues To Show a Slowing Recovery as Securitization Market Reports Strongest Month of Activity Since Onset of Pandemic
article by Structured Finance Association
Troubling labor market trends persist even as unemployment rate improves for the fifth consecutive month. Meanwhile, new BEA data shows households retrenched in August in reaction to the expiration of supplemental unemployment benefits. These developments may weigh heavily on securitization going forward. However, for now, the securitization market benefits from robust new issue activity and still-strong investor demand.
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