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Bumper two days in auto ABS underlines strength of fundamentals

No less than eight US auto loan-backed ABS deals have been priced in the last two days, making the last 48 hours the busiest two day period in the sector in recent memory as borrowing costs continue to be alluring and investor appetite vigorous.

This follows $9.6bn of issuance in August, in the form of 12 prime, non-prime and leasing deals.

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