In what some ABS market professionals described as a relatively light week, the ABS primary market turned out about $12.5 billion in new issuance. The credit card sector took a break from robust activity so far this year, and investors' reactions to lower retail sales and inflation data rattled Treasury yields throughout the week.

The market's largest deal was a GBP4.5 billion ($7.8 billion) residential mortgage-backed securitization deal, called Permanent Financing UK, which was increased from

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