Barclays (BCS) Barclays Capital's investment banking department, said Monday in 2011, with car loans and car leasing in the asset-backed bond issuance in the bond sales will dominate the third consecutive year. In 2009, all types of asset-backed bond issuance declined by 31%.
Barclays Capital said the United States in 2011 car-related bond issuance is likely to increase from 70 billion U.S. dollars to 750 billion U.S. dollars, the highest growth of 23% in 2010 due to auto sales rebound from the 27-year low. Barclays Capital also predicted that the United States in 2011 with the car and education loans and credit card-related bonds sales will probably hit 115 billion U.S. dollars.
In this year's U.S. market, asset-backed bonds total circulation of 92 billion U.S. dollars, down from last year's 134 billion U.S. dollars, because banks are more dependent on the savings to finance their credit card loans, as well as the Federal Reserve to terminate a periodic asset-backed securities lending instruments (Term Asset-Backed Securities Loan Facility), the tool for the acquisition of asset-backed bonds to investors to provide financing.
Barclays Capital in New York managing director Brian - Will (Brian Wiele), said in a telephone interview: "car financing company continues to generate a good amount of new loans. They are not banks, and asset-backed bonds are offering attractive financing. "
U.S. auto manufacturers are using the so-called asset-backed bond market to raise funds, they expect sales of cars and trucks next year will reach 12.8 million. According to data compiled by Bloomberg, Ford Motor (F) is the largest U.S. market in 2010 the asset-backed bond issuers, the company's asset-backed bonds issued by the total of 98 billion U.S. dollars. In a recent economic crisis, three major U.S. automakers, only Ford did not request government assistance.
The so-called "asset-backed securities" (Asset-backed Bond), also known as asset-backed securities, asset securitization, is a US-led Western developed countries, capital markets, financial innovation in the 80's emerged in the financial variety, is a portfolio based bonds.
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