After coming off of an extended weekend, the ABS market had another relatively sedate week of production. By press time, market participants expected about $12 billion in ABS debt to come to market, although slightly more than a third of that had priced by then.

Despite the modest issuance for the week, spreads saw no major widening activity. One trader mentioned that while fixed-rate paper appeared to move slowly, spreads overall continued to move tighter.

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