Consumer ABS

GE Capital announced a $421 million dealer floorplan master trust securitization deal as the fixed income bond markets reopened on Wednesday.

BNP Paribas is marketing a €445mn, 2.4-yr senior tranche, French auto ABS deal named Autonoria 2012-2.

According to a report today from Citigroup Global Markets, U.S. consumer ABS spreads remain unchanged over this "Hurricane-Sandy-shortened week."

Ally Financial said Wednesday that it has repaid $2.9 billion of debt issued under the Federal Deposit Insurance Corp.’s Temporary Liquidity Guarantee Program.

Opteum Mortgage Insurance Corp. filed an S-3 with the Securities and Exchange Commission to issue RMBS.

The Securities Industry and Financial Markets Association (SIFMA) recommended that fixed-income markets be open tomorrow, Wednesday, Oct. 31, for the trading of U.S. dollar-denominated fixed-income securities in the U.S., according to a statement published on the association’s Web site.

The national two-year default rate went up to 9.1% for the most recent cohort, increasing from 8.8% for the 2009 cohort.

Bank of America Merrill Lynch analysts maintain their positive view on student loan ABS given recent reports showing trends that can reduce headline risk in the sector.

A rise in consolidation prepayments in some recent FFELP that back student loan securitizations is a result of students taking advantage of the Direct Loan Consolidation Program.

Although credit card master trust issuance has increased recently,this year's runoff has exceeded new issuance by about $32 billion, Citigroup Global Markets analysts said.