About $10 billion in new securitization deals hit the market last week as of press time, slightly short of the $15 billion that market sources had predicted. After very heavy ABS deal issuance in the first quarter, production in April was light to moderate, said one trader.

The final week was no exception. Barclays Capital ushered in a $500 million credit card deal named World Financial Credit Card Master Trust. It priced at 13 basis points over one-month Libor for the triple-A rated six-year tranche. The single-A rated piece came in at 35 basis points over.

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