28 July, 2011:
Non-US ABS volumes for first half of 2011 are 53% higher than for the same period last year, and are 6% higher than for the second half of 2010. This is surely an indication of revival of asset-backed securities, even as European issuers continue to struggle with the troubles in the Euro Zone.
Rating agency Moody's in its earnings report for first half of 2011 also revealed data about earnings from non-US structured finance transactions, including covered bonds, showing evidence of increase in revenues.
US ABS volumes for the first half of 2011 also registered nearly 14% growth. Note that the ABS data in case of USA excludes mortgage-backed securities.
The data above are based on www.abalert.com
[Reported by: Vinod Kothari]