The New York Yankees were not the only ones on a roll last week. The U.S. ABS primary market also had a stellar week, pricing nearly $20 billion in new issue supply. As the flailing Bombers rebounded to a five-game winning streak, the primary market bounced back from its own mini-slump. The week before last saw only $2 billion in issuance. Was the Phoenix-esque rise of America's team somehow linked to the revitalization of the ABS primary market? Probably not, but here is what hit the primary last week...

The real estate sector once again dominated the issuance calendar with over $11 billion priced. Two auto issuers also braved the stormy automobile sector to get deals done and a student loan deal from Sallie Mae and subordinated credit card deals from Capital One Financial and Chase Manhattan Bank snuck into the picture. Adding a little flavor to the mix were an equipment lease deal, a mutual fund fee securitization and a tobacco settlement deal from the Commonwealth of Virginia.

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