Consumer ABS

Consumer ABS sectors, including autos and credit cards, have shown comparatively good credit performance throughout the recession and following period of "lethargic recovery."

U.S. primary ABS issuance continues its slower, post hurricane pace. Around $4bn priced last week, a below-average amount, and this week is likely to see the same.

According to Barclays, the recent Senior Loan Officer Opinion Survey highlighted the continued strength of consumer lending.

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.