Asset-Backeds; $3 Billion Supply Sold But Spreads Mixed

Published on:
12 September 2006 at 10:13 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00008810-asset-backeds-3-billion-supply-sold-but-s/

The U.S. asset-backed securities market finished the heaviest new-issue week in two months after nearly $3 billion of supply was absorbed on Friday, bringing the week’s total to $7 billion.

Yield spreads on the day’s biggest deals ? a $1 billion home equity offering from Household International Inc. and a $1.6 billion car loan securitization from Mitsubishi Motors Corp. ? were mixed at the time of pricing, either wider or tighter than initial price expectations.

For this complete story, please visit biz.yahoo.com

Asset-Backeds; $3 Billion Supply Sold But Spreads Mixed

Unknown Author

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