There was moderate issuance in the asset-backed market last week - somewhere north of $6 billion, said one trader - with deals pricing, despite the continued see-saw that plagued the equity markets.

Alongside rallying Treasurys, swaps moved out and spreads were close behind, said market sources.

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.