Issuance was focused primarily on the home-equity sector, offering investors a clear view of the tiering that has developed in the post-attack market. The most interesting deal came from captive auto finance issuer Nissan, which sold its second-ever retail auto lease transaction to "astonishingly" strong demand, sources said.

Nissan priced $1.1 billion of auto lease-backed notes through Merrill Lynch, at levels wide enough to make the investor community froth at the mouth - but the deal still came in with absolute yields low enough to make an issuer giddy.

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.