Asset-Backed Bond Sales Hit Monthly Record, Top $40 Billion (1)

Just a day after sales of asset-backed bonds reached their highest level since the financial crisis, another record has been set for the highest monthly sales volume in over a decade.

October ABS sales have topped $40 billion, beating the previous monthly record of $37.8 billion set in November 2021, according to data compiled by Bloomberg News going back to 2013. Issuance across both the auto and esoteric ABS segments helped drive the surge, collectively making up more than 90% of the volume this month.

Securitizations have been running hot all year as a broadening investor base, robust demand ...