The U.S. ABS primary market generated $11 billion in new issues last week as the market digested the impact of the milder-than-expected Hurricane Rita.

In the home equity sector, Lehman Brothers priced a $221 million deal on Monday. The 1.78-year tranche of the deal priced 35 basis points over one-month Libor and the double-A-rated five-year tranche priced at 52 basis points over one-month Libor.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.