The ABS market remained in limbo last week as Congress and the Treasury fleshed out plans for the government's Troubled Asset Relief Program (TARP).

Although investor interest in non-agency MBS was up, actual trading activity has been light, UBS analysts said. "We have seen more inquiries from hedge funds, distressed funds, and even some total return money managers, who have pulled money out of agency MBS to move into highly rated, non-agency MBS."

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.