The U.S. ABS primary market continued at its moderate pace versus a typical week in the first quarter, pricing roughly $8.3 billion of new-issue supply. Once again, it was a strong week for student loan ABS, with $3.6 billion of supply, edging out the mortgage ABS sector, which saw roughly $3.2 billion.

In addition to Sallie Mae's $2.5 billion offering last week, the sector saw Access Group Inc. complete its second transaction in two weeks, backed by private graduate school loans. Also, Education Lending Inc., Federal Student Finance and Edinvest Inc. brought deals - all three via Citigroup Global Markets.

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