Asset-backed new issuance was slow to develop last week, as only $2.5 billion of supply had priced as of Thursday's market close. Numerous deals were pending as of press time, for an additional $4.75 billion, making the total supply marketed last week approximately $7.7 billion.

Meanwhile, the asset-backed securities markets were set to surpass last year's issuance levels with two months to go.

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.