ABS Weekly: Container ABS market update

Research evidence excerpt

ABS Weekly: Container ABS market update

ng on volumes, while spreads (~120bp) are expected to tighten Click Links to Must Read Reports

modestly (~10bp) toward recent lows before stabilizing, supported by limited issuance Overview reports

and attractive yields. We prefer aircraft ABS over container and railcar ABS given higher 2026 Year Ahead Outlook (ABS), 1Q26 new

spreads, stronger excess returns, and more consistent issuance. Container and railcar issue volume, Total and Excess returns,

ABS Ratings ActionsABS offer similar spreads (~120bp), though containers have more room to tighten.

Historically, the aircraft ABS sector has outperformed. Market Updates

Payment water, Under the hood of auto

Container lessor and shipping line expect better days loan ABS, Auto ABS, Credit card ABS,

Personal loan ABS, Solar ABS, FFELP &Triton’s 1Q26 was pressured by weak container prices, driving lower lease rates, private student loan ABS, Timeshare ABS,

utilization, and revenues, partly offset by long-term leases and seasonal demand, while Aircraft ABS, Container ABS, Digital

tariffs and container ownership shifts continued to weigh on broader market demand. infrastructure, Equipment ABS, Railcar ABS

Global container markets remain volatile despite modest growth, with weaker rates

pressuring both Hapag-Lloyd and Maersk in 1Q26. Volumes were resilient but offset by

oversupply, while Middle East disruptions increased costs and reduced reliability, with

impacts expected to build.

Data show

CPI rose 4.2% YoY in May, with new vehicle prices flat and used prices declining. While

high prices remain a headwind, tax refunds offered near term relief. Key credit metrics

appear to have peaked, household net worth increased, and small business optimism

edged lower.