The U.S. ABS primary market remained hot, with $14.5 billion marketed throughout the week. For a change, the auto sector saw the most supply, pricing over $6 billion, including a pair of firsts as well as some familiar names. Home equity supply dipped, however, pricing only $2 billion as of press time. The credit card and student loan sectors, meanwhile, had a pair of deals each.
While supply came at a fast clip over the past two weeks, pricing nearly $30 billion total, activity should wrap up early this week, as participants migrate south for the ABS East conference, set for Boca Raton, Florida, this Wednesday through Saturday.