Last week's ABS market got off to a slow start, mainly due to the holiday-shortened week. About $7 billion in U.S. dollar ABS priced through Thursday, though $4.6 billion of that came from the king-sized Permanent Financing No. 3, Halifax Plc's U.K. RMBS issuance vehicle, which had been floating in the pipeline since late October.

Several deals began marking on Wednesday and Thursday, including a $750 million triple-A senior from Capital One's COMET shelf, to compliment the $250 million single-A subs that priced on Wednesday. Both transactions are co-lead by Credit Suisse First Boston and Bank of America Securities.

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