The U.S. ABS primary market saw a solid amount of issuance last week with over $10 billion priced, including a $1 billion auto loan deal from American Honda Finance Corp. that sources say stabilized the sector and eased fears with its pricing.

The $1 billion Honda transaction, named Honda Auto Receivables Owner Trust 2005-2, priced Monday in what was started out to be a slow week. The deal was led by Banc of America Securities and JPMorgan Securities.

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