This chart shows the contribution of the asset-backed security spread to CFSI. This spread is measured as the difference between the asset-backed bond yield and the 5-Year Treasury. It captures the ability of originators to raise capital and the relative riskiness of the securitized asset.
Release: Cleveland Financial Stress Index
Federal Reserve Bank of Cleveland, Contributions to the Cleveland Financial Stress Index: Asset-Backed Security Spread [ABSSD678FRBCLE], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/ABSSD678FRBCLE/, October 3, 2015.