The securitization market completed about $9.8 billion in transactions during the last two weeks, according to data from UBS. Although that amount is a fraction of what is normally issued in any given two-week period, traders and issuers appear to be getting used to it.

"From what I've heard, this week we're not going to have anything," said one trader, of his bank's plans. "We're working off of some stuff [that we have] in inventory and secondaries."

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