The U.S. ABS primary market generated over $13 billion in new issues last week, ending what was beginning to look like a summer slump. After two consecutively declining sub-$10 billion weeks, the market saw a healthy dose of auto loan and credit card deals, with a student loan deal, a timeshare deal and a tax lien deal thrown in.

In notable financial news, the U.S. Department of Labor reported CPI was up 0.1% to 194.5 in June, while the U.S. Commerce Department said retail sales increased a seasonally adjusted 1.7%. Strong earnings results from Apple Computer and a positive sales report on General Motors Corp. helped buoy the market, while oil declined to $57.80 a barrel as of press time.

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