ING Bank RMBS could illustrate end of rapid tightening trend

The issuer of Australia's first residential mortgage-backed securities (RMBS) transaction of 2012 says the decision to bring the deal to market was backed by the expectation that the rapid phase of spread contraction seen between late January and the end of the first quarter has probably played out. Leads on the transaction are confident that cautious further deal flow will follow the market re-opening.