Securitised products sales, which have dried up in the past six months amid the credit crisis, could plunge by as much as â¬185bn ($273bn) year-on-year as the markets remain hostage to investor fears, according to Citigroup research.
Citigroup credit analysts wrote in a report that while the securitisation markets should survive the tumult, net European issuance of securitised products such as residential- and commercial backed-mortgage securities could this year fall to between â¬125bn and â¬175bn compared to last year's total of about â¬310bn, which came almost entirely from a record first half.
