Guidance came out last week for Northern Rock's Granite master trust deal, which is prepping to price by month-end. Little else was new on the primary front, despite talk over the past few weeks of a building pipeline.

According to market reports, primary market issuance has reached 80 billion (US$94.4 billion) mark, though a large portion of that is attributed to a few massive RMBS issues, such as Granite's $6.5 billion deal in January.

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