With Monday a closed session, the market saw truncated trading last week - as two top-tier auto issuers and a late surge from three notable credit card issuers brought the week's supply. Roughly $8 billion made the rounds in a late-to-pick-up primary market, as most expect issuance to pick up in the third month of the quarter.

The week's largest offering came from DaimlerChrysler, which sold its first dealer floorplan deal of the year, a $2 billion offering brought through Morgan Stanley. This move bucked the trend of joint lead roles that developed in the tail end of last year and continued into this year.

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