Not even a too-close-to-call presidential election could rattle the asset-backed market last week, as approximately $12 billion to $14 billion in issuance priced. And it shows no signs of slowing down.

The election did little to the asset-backed market except push swap spreads out slightly. "The stock market sell-off, and swap spreads are softening a little bit, but I don't think ABS spreads relative to swaps have been affected by that," said an ABS trader.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.