New-issue ABS supply picked up last week, ahead of the Thanksgiving holiday and the three-day trading week that accompanies it. Roughly $25 billion was marketed last week, primarily in the form of large home equity deals, although there were numerous offerings in off-the-run assets such as shipping containers, time-share loans and insurance receivables.

Just two credit card offerings priced last week, although one was extremely large in size. In addition to the mammoth $2.5 billion five-year CCCIT 2003-A9 from Citibank N.A., a $400 million business credit card receivable-backed deal priced from Advanta Corp.

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