The asset-backed market took a bit of a positive turn last week as two marquee deals attracted big buy side crowds and priced on the tight end of initial guidelines. The market also showed signs of stabilizing as secondary trading picked up without much in the way of spread-widening taking place.

But most investors and sellers described the market as remaining sloppy. Most we're waiting for the first new issuance of third quarter to provide a fresh litmus for market environs going ahead.

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