Primary supply remained light last week with only a couple of deals roadshowing thus far in January. RCI Banque continued marketing the first floorplan securitization and a new CDO of ABS, Renoir I began roadshows last week.

Market sources said that activity on the secondary front fared better with interest across all asset classes driving spreads in. "Spreads hold a tightening bias as increasing redemptions for the year combine with an increasing investor base and some supply concerns," reported analysts at the Royal Bank of Scotland.

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