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Yields across maturities rose by four to six basis points, with short-dated tenors most sensitive to Fed rate changes leading the shift.

The three class A notes, A1, A2 and A3, of GCAR 2026-2 notes will all benefit from hard credit enhancement levels, plus haircut to excess spread of 56.07%.

Issuance volume of asset-backed securities for the year through February 26, 2026

Underwriting league tables of asset-backed securities through February 26, 2026

Irrespective of the transaction's trigger status, PRKCM 2026-AFC3 will pay the A-1FCF first, until its balance is reduced to zero, and then to the A-1LCF until it is paid down.

Underwriting league tables of asset-backed securities through February 19, 2026

Issuance volume of asset-backed securities for the year through February 19, 2026

The Federal Open Market Committee's April meeting — likely Federal Reserve Chair Jerome Powell's last — is unanimously expected to keep interest rates steady, but questions about energy, inflation and the upcoming transition in leadership still loom.

Underwriting league tables of asset-backed securities through February 12, 2026

Issuance volume of asset-backed securities for the year through February 12, 2026