A timeout was in order for the European market participants as more than 3,000 of them were in attendance at the recent Barcelona Global ABS conference. By last Monday, however, things were back to pace, which is expected to hasten in anticipation of the customary summer lull.

According to reports, the late June and early July pipeline should bring over 12 billion (US$14.6 billion) in transactions, with at least 9 billion (US$10.9 billion) accounted for by RMBS paper.

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