European ABS looks set to enter August on a quiet note. On the primary side, there are no new public offerings in the pipeline after last week's launch and pricing of Santander's auto loan ABS deal.

Societe Generale analysts said that the lack of primary issuance is likely to last until September. August has historically averaged issuance volumes of €2.6 billion ($3.39 billion) of non-financial investment grade issuance since 2001 — excluding last year’s exceptional €12.1 billion.

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