Hunting for diversity, safety investors pony up for SL, autos

Last week Federal Reserve Chairman Ben Bernanke managed to say something that both the stock market and the Treasurys market wanted to hear. There would be no pressing need to cut the target funds rate to spur economic expansion, and inflation was not yet out of hand.

While the experts went on to challenge or further decipher Bernanke's real meaning, the asset securitization market continued to pay up for quality paper. Several deals from the credit card, auto and student loan ABS sectors priced last week to unwavering support from investors.