The monoline guarantors enjoyed a pickup in business in the second quarter, thanks to marginally, albeit temporary wider credit spreads -- particularly at the triple-A level -- and an increase in volume from asset classes that are traditionally wrapped.

The sureties took down about $15.8 billion in ABS, or about 8.85% of total U.S. dollar issuance for the quarter, compared to the $11 billion, or 6.62% market penetration in the first quarter. To see the 2Q04 Guarantor, click here.

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.