Trading on the ABS market was fairly light last week, as more than 3,000 market professionals prepared to head out to Orlando, Fla for Information Management Network's ABS East conference. By midweek, about $10 billion in deals were announced, and of that $3.8 billion had priced.

"If they are not out now," said one trader of deals in the pipeline, then the transactions are likely to be put on the back burner until industry professionals return from Orlando late this week. Synthetic deals saw slightly more activity, according to Bank of America, and single-name CDS spreads remained unchanged after moderate two-way trading volumes remained moderate for the second straight day.

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