Geopolitical Volatility and ABS Market Resilience
Panellists discuss how the ABS market has adapted to ongoing geopolitical shocks, including the Iran war, drawing comparisons to Liberation Day. The consensus is that markets have become comfortable with uncertainty, operating in a start-stop fashion. Spreads widened modestly but largely recovered, and a surge of public issuance occurred when windows opened, with strong book coverage across the capital stack.