Heurist Finance

Data-center ABS spreads to widen further, Morgan Stanley strategists say

Bloomberg ·
Data-center ABS spreads to widen further, Morgan Stanley strategists say
  • Morgan Stanley strategists James Egan and Carolyn Campbell expect spreads on data-center asset-backed securities to continue widening, according to an Oct. 22 note.
  • AAA data-center ABS spreads around 200 basis points look attractive, but investor consensus points to further widening.
  • Widening is also expected further down the data-center ABS capital stack, though the pace is likely to slow.

Quotes

“AAA data-center spreads around 200 basis points look attractive”— James Egan and Carolyn Campbell

Sources

Data-center ABS spreads to widen further, Morgan Stanley strategists say — Heurist Finance