SFA Market Snapshot – October 19, 2023
article by Structured Finance Association
We continue to track the health of the securitized markets and note three developments in our Market Snapshot. While new issue supply is suppressed for most securitized asset classes, auto ABS and private credit CLOs show sizeable upticks compared to 2022. Also on our radar is the impact that October’s student loan repayment restart will have on borrower wallets and student loan ABS performance. Finally, Worker Adjustment and Retraining Notification (WARN) notices, which can precede changes in the unemployment rate, moved higher in October. Read More