The U.S. ABS primary market sprinted to a holiday dampened $9.25 billion of new-issue supply, the overwhelming majority of which - $7.5 billion - came in the home equity sector. While the credit card sector did enjoy an active week of new issuance, volume totaled just $1.75 billion.

Most blamed the religious holidays - Passover at the start of the week and Good Friday at the end of the week - for the overall lack of activity, as many were out of the office for some portion of the workweek.

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