Asset-backed new-issue supply returned to the summer norms last week, with just $6.25 billion pricing in rather challenging conditions. If this week's Scorecard section looks bigger, however, it is due to the over $3 billion that priced the previous Friday.
Pricing last week were a pair of auto loan deals, each with stories to tell, as Triad Financial brought its first auto loan ABS in three years and Mitsubishi Motor Credit was in with its third auto ABS this year. Meanwhile, it was medium-sized home-equity offerings making the rounds. Even a pair of manufactured housingbacked transactions got done. Last week did see an offering pulled from the table for the time being, as a tobacco litigation settlement deal was yanked by South Dakota.