4.27.20
According to bankers and investors, the demand for asset-backed securities is currently outpacing supply, a sign that the reach for yield has survived the coronavirus market shock. Portfolio managers are seeking out returns for bonds backed by U.S. auto loans, property leases, and other agreements. Last week Dell Technologies, Inc. sold about $1.1 billion in debt backed by leases on equipment, such as computers and servers, to big and small companies across the U.S.
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