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Market Still Insulated From Corporates and Equities

There was phenomenal activity in last week's asset-backed securities market, with more than $6 billion in issuance.

Credit cards accounted for nearly $3.4 billion of the issuance, largely attributable to Citibank's most recent senior-notes-only deal, which was upsized to $2.25 billion from $1.25 billion.

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