Supply continued to hit the U.S. ABS market last week, pricing eight new issues for a total of more than $6.5 billion. Option One Mortgage, American Honda Finance and Capital One each circled large offerings, proving that in these troubled times the top names in the market have little trouble getting solid execution, while second-tier issuers The Metris Companies, PHH Corp. and Conseco all marketed smaller deals.

The auto loan sector showed continued strength, as Honda was the latest top-tier issuer to bring a deal to quality-seeking investors, with a $1.8 billion deal. The captive finance company brought the first completely fixed-rate offering since the Sept. 11 attacks to what was dubbed "surprisingly robust demand."

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