Looking back 10 years... While some things have changed drastically, many others have remained the same. Reading a story printed in the June 22, 1992 issue of the Asset Sales Report (the predecessor of ASR) shows that even then the auto loan and credit card sectors had the most demand, with top-tier names achieving record-tight levels.

Many of the names (Citibank) remain the same. Others, Shawmut Bank and Advanta for example, have either greatly reduced funding in the ABS market or disappeared in a wave of consolidation. Additionally the underlying benchmark of the time Treasuries, has since been replaced with swaps, making spread comparisons confusing.

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