Despite the not so uncommon end-of-quarter lull, the ABS primary market appears poised for an active April calendar, according to bulge-bracket ABS heads.

"Investors are still looking for quality and short ABS is seen as a surrogate to Treasurys," said one ABS head. He also added that from an issuers perspective, funding in ABS is still very competitive to the unsecured corporate bond market, which historically has not always been the case.

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