The first real week of trading in the third quarter showed promise, with over $6.1 billion pricing in home equity focused primary trading. With the exception of four offerings totaling $2.1 billion, the remainder of the supply throughout the week was mortgage-related product, but most of the home equity supply came from banks own issuance vehicles, as units of Credit Suisse First Boston, Lehman Brothers, JPMorgan and Morgan Stanley all shopped deals.

The credit card sector had descent issuance last week, with $1.7 billion pricing from American Express, Advanta Corp. and a little used vehicle of Circuit City Stores Inc. The auto loan sector saw one new issue price, from non-prime lender Onyx Acceptance.

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