The U.S.ABS market shot better than par in post-conference primary trading last week, pricing $5.2 billion amid continued spread tightening in most sectors. Supply came from the auto loan, credit card and home-equity sectors of the market, and also saw an Australian RMBS and manufactured housing transaction, all facing strong demand.

Coming off the good vibes felt at the IMN/Fabozzi ABS West conference, issuers, underwriters and investors all came out of the gate running. Helping business was the fact that all of the issuers seen were considered top-tier names within their respective market niches.

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