Trade Matrix: Bank One — ABS

Published April 30, 2003 12:00 AM EDT 1 Min Read

There are few major dislocations in ABS at present. Down-in-credit trades on top-tier issuers are still a way to pick up additional yield and preserve liquidity, but good cross-sector bets remain hard to find. That said, two-year fixed rate autos are now very tight to two-year fixed rate cards. They are currently only 1 bp behind cards, so selling fixed autos and buying cards with this average life appears attractive. Also, the firm reiterates that 5-year and 7-year average life SLABS are cheap on a generic basis to credit card ABS.

For reprint and licensing requests for this article, click here.

Uncategorized

More From Asset Securitization Report

HELOCs

Aven’s HELOC assets secure $304.1 million in ABS

Aven Simple Loans, as the pool of designated receivables is known, is composed of 6,786 draws from 5,767 HELOC credit card accounts, all of which are exempt from Ability-to-Repay rules.

By Donna Mitchell

Editor

Financial Planning

October 15

Consumer lending

White House report says CFPB raised borrowing costs

A White House Council of Economic Advisers report published Tuesday found that the CFPB cost consumers between $237 and $369 billion since its creation, an analysis that consumer advocates and some financial academics say is flawed.

By Ebrima Santos Sanneh

Reporter

American Banker

February 18

Securitization

Canyon Partners: GFC still drives consumer-credit ABS investing

Canyon Partners sees opportunities in corners of the mortgage, with tightened due diligence, and the auto ABS markets.

By John Hintze

January 20

M&A

The 5 biggest bank M&A deals of 2025

Bank merger and acquisition activity rebounded this year, led by Fifth Third's $10.9 billion proposed purchase of Comerica. Huntington, PNC and Columbia were involved in some of the other biggest deals announced in 2025.

By Catherine Leffert

Reporter

American Banker

December 26

Earnings

TD Bank has shrunk U.S. assets by $48B since asset cap

The Canadian bank said it will take at least a year to hit an inflection point in U.S. loan growth. It has been shedding assets in an effort to free up space for growth in more promising business lines.

By Catherine Leffert

Reporter

American Banker

August 28