Ahead of the semi-annual conference season, the U.S. ABS market built to a hectic pace, pricing $8.3 billion as of press time - and $4.2 billion on Thursday alone. But with the pending market void that comes with the back-to-back conferences in February and October, there was still $3.1 billion on the table to price either late last week or early this week, before issuers, investors and underwriters collectively leave town.

The highlights of last week were three notable firsts, as frequent issuers Capital One Financial and Mitsubishi Motor Credit each tapped new trusts and Citigroup Inc. unit CitiFinancial Credit Co. brought its first-ever home equity ABS.

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